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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Gulf bourses sputtering after cutting its relationship with the countries of Qatar

rocky
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Gulf bourses sputtering after cutting its relationship with the countries of Qatar Empty Gulf bourses sputtering after cutting its relationship with the countries of Qatar

Post by rocky Tue 06 Jun 2017, 2:31 am

Gulf bourses sputtering after cutting its relationship with the countries of Qatar



06/06/2017 1:21

Capitals / follow - up to the morning
Qatari stocks led the wave of decline in most Gulf markets in early trading on Monday; after it decided to Saudi Arabia, UAE, Egypt, Bahrain, Libya and Yemen to cut diplomatic ties with Qatar and close its borders with it.
By 07:15 GMT, the Doha Stock Exchange index 7 percent decline in the largest daily loss in more than six months.
According to the "direct", non - Qatari investors trading tended to sell, as well as Qatari retail investors trading.
The two share business and Islamic insurance and tankers at the top of the losers Qatari stock exchange with 10 percent , they land each.
Nawaf Al - Ajmi capital markets analyst: What is happening today is the movement as a result of panic selling individual investors, pointing out that it is too early to say whether this will affect investors ' allocations from institutions; we do not know how the situation will develop.
The extended sell - off to the UAE where Dubai's index fell 1.12 percent, with most stocks tumbled in its lead Gulf investments by 4.2 percent, in addition to a decline in Arabtec 3.5 percent.
The Abu Dhabi index fell 0.4 percent and shares were small businesses are the hardest hit, while blue - chip stocks have stabilized , where the declines topped the list of Charter Insurance by 3.6
percent.
Said Mohammed al - Shammari, an analyst capital markets: Investors are perplexed about whether this is a short - term decline or will continue.
Shammari said: "Investors are now to the rest of the markets did not come to the sale of key stocks."
Shammari said that the escalation of the tone data cut off economic and land relations could increase the survival of uncertainties of the Gulf Cooperation Council , a unified entity.
The Saudi market was not affected by the decision to cut ties substantially, where the stock market index "TASI" fell 0.17 percent, in conjunction with the issue "global sagittal" and "glass retreats" by 3.3 percent and 2 percent respectively.

http://www.alsabaah.iq/ArticleShow.aspx?ID=138585

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