MIDEAST STOCKS-Qatar rebounds from 3-wk low as traders target mid-caps | Reuters:
"Qatar's index ended a six-session losing streak to rebound from a three-week low on Thursday as investors bought back sold-off mid-cap stocks, while other Middle East markets were mixed.
Doha rose 2.6 percent to 13,008 points. It had slumped since May 13's all-time high, but Thursday's increase - its largest in eight months - puts it 1.3 percent below that milestone.
Vodafone Qatar and Islamic lender Masraf Al Rayan accounted for about half of all shares traded on the index. They climbed 2.9 and 3.8 percent respectively.
Qatar and Dubai, which hit a six-year high earlier this month, are the Gulf's top performing markets in 2014.
That surge led Credit Suisse to cut its rating on United Arab Emirates' markets to underweight from neutral, also reducing Qatar to neutral from overweight."
'via Blog this'
No comments:
Post a Comment