Qatar Stocks Buck Mideast Gains, Fall Most in 11 Days: Inside EM - Bloomberg:
Qatari stocks retreated the most in the Middle East, declining the most in 11 days.
The main index declined 1.1 percent, led by a drop in Masraf Al Rayan. Morgan Stanley analysts last week downgraded Qatari stocks to underweight from equal-weight, citing the market’s relatively high valuations in an emailed note. The gauge has been trading at a premium to emerging-market peers since June.
Still, the estimated earnings per share for the gauge’s 20 members has risen in March, poised for its longest monthly rising streak since at least early 2008, when Bloomberg began tracking the data.
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