Wednesday 29 August 2018

MIDEAST STOCKS-Qatar slips on profit-taking in banks, Saudi snaps winning streak | Reuters

MIDEAST STOCKS-Qatar slips on profit-taking in banks, Saudi snaps winning streak | Reuters:

Qatar’s stock market fell on Wednesday as investors took profits in banks, while the Saudi market eased in early trading after three days of gains.

The Qatar index was down 0.5 percent, with Qatar National Bank falling 2.3 percent, Masraf Al Rayan declining 1.1 percent and Qatar Islamic Bank dropping nearly 1 percent.

QNB had been a major gainer in the previous two sessions after investors sought bargains in the aftermath of its recent sell-off on concerns about its exposure to Turkey.

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