Tuesday, 26 March 2019

MIDEAST STOCKS-Financials hurt #Qatar, most Gulf markets muted | Reuters

MIDEAST STOCKS-Financials hurt Qatar, most Gulf markets muted | Reuters:

Qatar’s stock market slipped on Tuesday as its blue-chip shares faltered. Most major Gulf markets dipped in subdued trading.

Qatar’s index fell 0.2 percent, led by a 1.5 percent decline in Qatar National Bank, the largest bank by assets in the Middle East and Africa, and a 3.4 percent drop in Qatar Fuel.

Qatari Islamic lender Masraf Al Rayan was down 0.4 percent. It has hired banks before a potential sale of U.S. dollar-denominated sukuk, or Islamic bonds, Reuters reported.

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