CORRECTED-MIDEAST STOCKS-Qatar leaps, Saudi barely changed before state budget:
"Qatar’s stock market jumped on Tuesday as local retail investors piled back into the bourse, while Saudi Arabia closed barely changed ahead of the release of its 2018 state budget. The Qatari index surged 3.8 percent, its biggest daily gain since January 2016, to its highest level since late September. It rose above its 100-day average for the first time since April. Real estate firm Ezdan Holding jumped 7.9 percent. It plunged 57 percent between end-2016 and mid-November, partly because of a weak Qatari property market. But it has been rebounding strongly since then, supported by news a shareholder has filed suit to block the firm’s plan to go private. "
'via Blog this'
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