Qatar Bank Stocks Expensive Even After Losing $7 Billion in 2017 - Bloomberg

Qatar Bank Stocks Expensive Even After Losing $7 Billion in 2017 - Bloomberg:

"Qatari bank stocks are more expensive than their Saudi or Emirati peers, even after suffering their biggest year-to-date loss in more than a decade.

The nation’s nine lenders trade at almost 11 times projected earnings, according to data compiled by Bloomberg. That compares with 10.5 and 9 for peers in Saudi Arabia and the United Arab Emirates, which cut diplomatic and trade ties with the Gulf nation in early June over alleged support of terrorism.

Some overseas banks withdrew funds from Qatar in the wake of the spat, fueling a 12 percent drop in a Bloomberg generated stock index of Qatar’s nine lenders this year and wiping out about $7 billion from their total market capitalization."



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