Thursday 8 November 2018

MIDEAST STOCKS-QNB aides Qatar gains, most Gulf markets trade down | Reuters

MIDEAST STOCKS-QNB aides Qatar gains, most Gulf markets trade down | Reuters:

Most Middle Eastern stock markets dropped in quiet trading on Thursday, with Qatar recovering a little after suffering its worst one-day drop since August in the last session.

The Qatar index, which has been the best performing market in the Gulf this year, inched up 0.3 percent, driven by a 2.5 percent rise in Qatar National Bank.

“We are not seeing liquidity move into the local markets yet despite the good (sort of earnings),” Marie Salem, director capital markets at FFA Private Bank in Dubai said.

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