MIDEAST STOCKS-Region slips, Qatar hit hardest as shares go ex-dividend

MIDEAST STOCKS-Region slips, Qatar hit hardest as shares go ex-dividend:

"Major Middle Eastern stock markets fell on Wednesday in response to weak global equity and oil prices, with Qatar particularly hard hit by several shares going ex-dividend and a brokerage’s decision not to pay an annual dividend. The Qatari index plunged 3.1 percent - its biggest drop since other Arab states imposed sanctions on Qatar last June - in its heaviest trade for a month. Barwa Real Estate sank 8.7 percent, Islamic bank Masraf Al Rayan lost 6.8 percent and Al Khaliji Bank slipped 6.7 percent as all three stocks went ex-dividend."



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