Sunday 31 May 2015

UPDATE 1-MIDEAST STOCKS-Qatar rebounds after sell-off over FIFA | Reuters

UPDATE 1-MIDEAST STOCKS-Qatar rebounds after sell-off over FIFA | Reuters:



"Qatar's bourse rose in early trade on Sunday after dropping at the end of last week on news of arrests and criminal probes at world soccer body FIFA.



The country's World Cup organising committee defended its successful 2022 World Cup bid on Friday and FIFA President Sepp Blatter secured re-election for a fifth term, partially easing concern that Doha might conceivably lose the tournament hosting rights, depending on how the investigations developed. 




Qatar's stock index climbed 0.7 percent as most stocks rose. Petrochemicals giant Industries Qatar jumped 2.1 percent, also supported by oil's 5 percent surge on Friday."



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