Foreign investors are shedding positions in key Gulf markets considered immune to the political unrest sweeping the Middle East and local state institutions are running out of firepower to stem the slide.
Foreign investors were net sellers this week in Qatar and Oman -- considered least likely to see contagion from the turmoil -- and local institutions have been buying, bourse and broker data show.
Selling has been more evident in widely-held bluechip names, which are more easy to exit during crisis due to ample liquidity.
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