Tuesday 5 March 2019

MIDEAST STOCKS- #Qatar hits 2-month low, major Gulf markets down | Reuters

MIDEAST STOCKS-Qatar hits 2-month low, major Gulf markets down | Reuters:

The Qatar stock market slid to a two-month low on Tuesday, weighed down by its blue-chips, while major Gulf bourses fell across the board, mostly pressured by financial shares.

Qatar's index fell 1.1 percent, with Vodafone Qatar losing 3.2 percent after approving a regulatory decision to reduce the nominal value of its shares to 1 riyal each.

Qatar National Bank, the largest lender by assets in the Middle East and Africa, dropped 2.7 percent and Industries Qatar slid 2.4 percent.

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