MIDEAST STOCKS-Milaha lifts Qatar before index entry, Gulf mostly quiet early on:
"Strength in Qatar Navigation (Milaha) lifted the Qatari stock index in early trade on Thursday ahead of the stock’s entry into FTSE indexes, while most of the region was quiet. Qatar’s index added 0.6 percent as Milaha climbed 2.3 percent. The stock will join FTSE’s All-World and AllCap indexes after the close on Thursday, and this is triggering inflows of passive funds. Qatar Insurance, which sank 8.4 percent on Wednesday because it will be removed from some FTSE indexes at the same time, lost a further 1.7 percent and was the market’s most heavily traded stock."
'via Blog this'
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