MIDEAST STOCKS-Global rally lifts Gulf, blue chips lead Qatar | Reuters:
All major Gulf markets rose on Tuesday mirroring gains in global markets, while Qatar was lifted by its blue-chip stocks.
The Qatar index was up 0.8 percent after five sessions of losses. Middle East’s biggest lender Qatar National Bank advanced 1.3 percent and blue-chip petrochemical maker Industries Qatar increased 1 percent.
The index was one of the best performing markets last year as fund inflows increased after the limit on foreign ownership of Qatari stocks was raised. But the index has already lost 4.6 percent this year, with some analysts considering it expensive at its current valuation.
No comments:
Post a Comment