Monday 28 May 2018

MIDEAST STOCKS-Qatar biggest gainer as other Gulf markets subdued | ZAWYA MENA Edition

MIDEAST STOCKS-Qatar biggest gainer as other Gulf markets subdued | ZAWYA MENA Edition:

"Qatar's market outperformed Gulf peers on Monday, helped by a surge in blue-chip stocks and government plans to allow full foreign ownership of companies.

Other markets were more subdued as investors reacted to lower oil prices, which extended losses after Saudi Arabia and Russia said they may increase supplies. Trading volumes were also generally thin because of the holy month of Ramadan.

The Qatar index closed 1.5 percent higher, with Qatar National Bank rising 2.9 percent."



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