Wednesday 27 February 2019

MIDEAST STOCKS- #Qatar slides on sell-off, rest of Gulf mixed | Reuters

MIDEAST STOCKS-Qatar slides on sell-off, rest of Gulf mixed | Reuters:

Qatar's index fell on Wednesday as it witnessed heavy selling from local and GCC investors, while Saudi Arabia inched up, partly lifted by corporate results.

The Qatar index fell 1.2 percent, with 16 of its 20 stocks dropping.

Blue-chips Qatar Insurance slid 6 percent and Qatar Islamic Bank was down 2 percent.

The Qatar exchange, which jumped 21 percent in 2018, was one of the world's best-performing markets for the year, after limits were lifted on foreign ownership of shares.

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