Times of Oman | News :: Qatar sukuk poised to recover from November's drop:
"Qatari Islamic bonds are poised to rebound from their steepest weekly drop since November as investors bet issuers' credit strength will resist the country's spat with its neighbours.
"We're still bullish, so any dip in the equity or debt space is an opportunity to buy," Ahmed Shehada, head of trading at Qatar National Bank Financial Services, said by phone from Doha. "The Gulf Cooperation Council (GCC) is nowhere near breaking up. These things rectify themselves."
The yield on Qatari government sukuk due in January 2023 jumped six basis points last week to 3.27 per cent after the United Arab Emirates, Saudi Arabia and Bahrain withdrew their ambassadors, according to data. That compares to a one basis-point increase to 4.85 per cent for Middle East sukuk, according to JPMorgan Chase indices."
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