Thursday 30 May 2019

MIDEAST STOCKS-Banks lift #Qatar as all major Gulf markets rise - Reuters

MIDEAST STOCKS-Banks lift Qatar as all major Gulf markets rise - Reuters:

Qatar’s stock market rose sharply on Thursday, buoyed by its banks and leading gains in all other major Gulf bourses.

Qatar’s index rose 2.2% as Qatar National Bank and Qatar Islamic Bank climbed 4.2% and 5% respectively.

Qatar’s stock exchange is developing two new Exchange Traded Funds, part of efforts by the Middle East’s strongest performing stock market in 2018 to boost foreign investment, Reuters reported last week, citing CEO Rashid al-Mansoori.

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