Monday, 27 May 2019

MIDEAST STOCKS- #Qatar, #Saudi rise on financials; Property drags #Dubai - Reuters

MIDEAST STOCKS-Qatar, Saudi rise on financials; Property drags Dubai - Reuters:

Qatar and Saudi Arabia's stock markets
rose on Monday, helped by financial companies, while Dubai's was
pressured by the real estate sector.

Qatar's index rose 0.9% as banks gained. Qatar
Islamic Bank surged 8.7% and the Middle East's biggest
lender, Qatar National Bank, added 2.2%.

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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