Qatari Stocks Break Losing Streak, Lead Mideast Gains: Inside EM - Bloomberg:
Qatar’s QE Index of stocks interrupted a three-day losing streak to rise as much as 2%, its biggest intraday gain in more than two months.
Still, the benchmark remains among the world’s worst equity performers this month, according to major gauges tracked by Bloomberg. It’s headed toward its worst monthly performance since June 2017, when a group of neighbors including Saudi Arabia severed diplomatic relations with the Gulf country.
Qatari stocks lost 2.2% in the week ended Aug. 15 amid selling pressure across the spectrum of riskier assets, and a dash for havens such as U.S. Treasuries. The decline is set to “subside” this week, according to Talal Samhouri, the head of asset management at Doha-based Amwal LLC, as investors return to trading desks.
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