Qatar Shares Fall Most in 19 Months After Reaching 5-Year High - Bloomberg:
"Qatari stocks slid the most since January 2012 as some investors sold shares of the gas-rich nation after the benchmark index reached a five-year high earlier this month.
Qatar National Bank SAQ, the Gulf country’s biggest bank, fell to the lowest this month, and Qatar Gas Transport Co., an operator of vessels to transport liquefied natural gas, dropped the most since March. The QE Index fell 1.8 percent to 9,898.54 at the end of trading, trimming the gain for the year to 18 percent. The measure had closed at 10,109.5 on Aug. 22, the highest since September 2008.
Qatar’s stock market, along with those in neighboring United Arab Emirates, was upgraded to emerging-market status in June by MSCI Inc., fueling speculation foreign investors will channel more funds into these countries. The QE Index has risen 5.8 percent since the decision on June 11, compared with a 1.8 percent drop for the MSCI Emerging Markets Index."
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