MIDEAST STOCKS-Qatar leaps on dividend chase, Saudi loses steam:
"Qatar’s stock market surged on Monday, outperforming the rest of the region for a second straight day as investors bought to secure dividends, while Saudi Arabia lost steam after rising in response to a royal package of handouts to consumers.
The Qatari stock index gained 2.6 percent and trading volume almost doubled from the previous day as Islamic bank Masraf Al Rayan added 3.2 percent and Qatari Investors Group jumped by 6.9 percent.
Qatari companies, which historically pay high dividend yields, are due to announce fourth-quarter or annual dividends in the next few weeks, and yields could be boosted by the drop in stock prices after the economic embargo imposed by four Arab states on Qatar."
'via Blog this'
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