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Wednesday, 14 March 2018

MIDEAST STOCKS-Qatar pulls back in early trade, some Saudi stocks surge on news

MIDEAST STOCKS-Qatar pulls back in early trade, some Saudi stocks surge on news:

"Qatar’s stock market pulled back in early trade on Wednesday after two days of strong gains, while most other Gulf bourses moved sideways but a few individual stocks in Saudi Arabia rose sharply in response to positive news. The Qatari index, which had surged 6.7 percent in the previous two days as heavyweights Qatar National Bank and Industries Qatar soared after announcing plans to raise their foreign ownership ceilings, fell back 2.0 percent. QNB slipped 3.4 percent and Industries Qatar retreated 2.8 percent. The most heavily traded stock, Qatar Insurance , sank 6.5 percent. At the end of this week, it will be removed from several FTSE global indexes."



'via Blog this'