Sunday 17 September 2017

MIDEAST STOCKS-Qatar index down for tenth day running

MIDEAST STOCKS-Qatar index down for tenth day running:

"Qatar’s stock index fell for a tenth straight session on Sunday as talk of dispute negotiations fails to sway investors, while strong oil prices boosted the Saudi Arabia market. On Friday Qatari Emir Sheikh Tamim bin Hamad al-Thani said his country was ready to sit at the negotiating table to try to end its diplomatic dispute with Gulf Arab neighbours. But in the absence of any positive response from the Saudi-led coalition that is boycotting Qatar, investors did not take the remarks as a sign that the dispute was moving closer to resolution. “There is too much uncertainty around Qatar right now, and the full extent of how hard those companies have been hurt by this crisis is yet to be known,” one Paris-based fund manager said."



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