MIDEAST STOCKS-Qatar slips on profit-taking, World Cup concern | Markets | Reuters:
"Qatar's bourse fell because of profit-taking and soccer World Cup concerns on Monday, while property stocks lifted Dubai and Egypt partially rebounded after a sharp drop caused by the government's plans to tax stock market investors.
The Doha index fell 1.1 percent from Sunday's all-time closing high, underperforming the region. Stocks that had jumped as they became part of MSCI's emerging market index last week were among the main drags.
Islamic lender Masraf Al Rayan dropped 3.9 percent, Qatar Islamic Bank fell 3.7 percent and Qatar National Bank was down 1.4 percent.
"The market had gone up because of the MSCI inclusion and there is profit-taking now," said Shakeel Sarwar, head of asset management at Securities & Investment Co (SICO) in Bahrain."
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