MIDEAST STOCKS-Geopolitics, global downtrend drag down region; Qatar hit hardest:
"Most Middle Eastern stock markets fell on Wednesday because of sliding foreign bourses and negative geopolitical news related to Qatar and Yemen.
Qatar was the hardest hit major market, with its index dropping 1.5 percent. Qatar National Bank, the biggest bank, tumbled 3.3 percent, while drilling rig provider Gulf International Services sank 6.5 percent.
The market surged early this week on hopes for progress in resolving Qatar’s diplomatic dispute with four other Arab states. But those hopes were dashed when Saudi Arabia, the United Arab Emirates and Bahrain, in an apparent snub of Qatar, did not send their heads of state to this week’s regional summit in Kuwait."
'via Blog this'
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