MIDEAST STOCKS-Region mostly soft, some Saudi stocks surge on positive news:
"Most Middle Eastern stock markets were soft on Wednesday with Qatar pulling back after two days of strong gains, but a few individual stocks in Saudi Arabia rose sharply in response to positive news. The Qatari index, which had surged 6.7 percent in the previous two days as heavyweights Qatar National Bank and Industries Qatar soared after announcing plans to raise their foreign ownership ceilings, fell back 0.6 percent. QNB slipped 2.0 percent and Industries Qatar retreated 0.9 percent. Qatar Insurance sank 8.4 percent in its heaviest trade since May 2015; at the end of this week, it will be removed from several FTSE global indexes."
'via Blog this'
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