MIDEAST STOCKS-Qatar leads most of Gulf lower, blue chips hurt Egypt - Agricultural Commodities - Reuters:
Most major Gulf bourses closed lower on
Sunday with Qatar leading the losses, dragged down by
heavyweight Industries Qatar, while Egypt retreated on a
sell-off of blue chips.
The Qatari index dropped 1%, extending losses for a
sixth straight session, as most stocks on the index declined.
Industries Qatar slid 2.7%. On Wednesday, the
heavyweight saw its biggest fall in six months as 2019 profits
almost halved from a year earlier.
Qatar's foreign minister also said on Saturday that efforts
to resolve its long-running dispute with other Gulf states had
been suspended since the start of January.
The UAE, Saudi Arabia, Bahrain and Egypt imposed a
political, trade and transport boycott on Qatar in June 2017
over charges it supports terrorism, which Doha denies.
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