Qatar Exchange remains under pressure amid diplomatic row

March 20, 2014 4:54 pm


The Qatar Exchange 20 Index fell by 0.18 per cent to close at 11,367.31 points on Thursday, March 20. The gas-rich Gulf state still has no solution in sight for its diplomatic row with the UAE, Saudi Arabia and Bahrain. The three GCC states withdrew their ambassadors from Qatar, also a GCC member, two weeks ago, after a cleric slammed the UAE’s tough stance against Egypt’s Muslim Brotherhood party. The shares of Zad Holding Company soared by 8.60 per cent to reach QAR76. Islamic Holding fell the most, finishing a 9.90 per cent lower at QAR61.90.

Gérard Al-Fil

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