MIDEAST STOCKS-Qatar continues rebound early on, rest of Gulf mostly weak | ZAWYA MENA Edition

MIDEAST STOCKS-Qatar continues rebound early on, rest of Gulf mostly weak | ZAWYA MENA Edition:

"Qatar's stock market continued to rebound early on Tuesday on hopes that its diplomatic dispute with other Arab states could move towards resolution, while most other Gulf markets were weak. The Qatari index climbed 0.5 percent in the first 45 minutes of trade after surging 2.2 percent on Monday. Real estate developer Ezdan Holding ERES.QA , which has been hit hard this year by a property market slump deepened by the diplomatic crisis, soared its 10 percent daily limit and was the most heavily traded stock. Ezdan said in May that it planned to go private, and some traders said shareholders might be trading the stock to ensure a minimum price when that happened. "



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