Wednesday 2 May 2018

MIDEAST STOCKS-Qatar, Dubai lead Gulf stock market decline in early trade | Reuters

MIDEAST STOCKS-Qatar, Dubai lead Gulf stock market decline in early trade | Reuters:

"Most Gulf stock markets were down in early trade on Wednesday, with Qatar and Dubai leading the declines, as the market lacked direction after recent gains notably in Saudi Arabia.

Asian equities also eased, as investors awaited the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening.

The Qatar index was down 1.1 percent as telecommunications group Ooredoo fell 3.5 percent and Vodafone Qatar dropped 2.9 percent."



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