MIDEAST STOCKS-Qatar rebounds sharply, major Gulf markets firm:
"Qatar’s stock market rebounded on Tuesday, erasing a sharp fall suffered on the previous day, while other major Gulf bourses were firm on the back of strong oil prices after Brent crude rose above $70 a barrel for the first time since December 2014. The Qatari index had tumbled 2.5 percent on Monday because of heavy selling in the final half-hour, ending a seven-day rising streak. Sentiment was hit after the United Arab Emirates said Qatari fighter jets twice intercepted Emirati civilian aircraft during routine flights to Bahrain, which Qatar denied. Jitters over the incident subsided on Tuesday, however, and the index surged 2.6 percent to close marginally above its finish last Thursday. Trading volume was moderate."
'via Blog this'
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