MIDEAST STOCKS-Qatari stock market rebounds, Zain pulls back in Kuwait:
"Banking shares boosted Qatar’s stock market on Monday as it rebounded from a five-year low, while Kuwaiti telecommunications firm Zain fell despite a plan by Oman Telecommunications to become a strategic investor in it.
Qatar’s index, which had tumbled as much as 1.6 percent on Sunday but finished 0.1 percent higher, gained 0.9 percent on Monday. That suggested a technical rebound might be starting to erase some of the steep losses since June 5, when four Arab states imposed sanctions on Doha.
Banking and telecommunications sectors attracted most of the interest in heavy trade: Commercial Bank of Qatar climbed 1.8 percent while Ooredoo rose 1.2 percent."
'via Blog this'
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