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Qatar Stock Exchange Drops as Arab Deadline Nears

Qatar Stock Exchange Drops as Arab Deadline Nears

Sunday, 02 July 2017 07:42 AM

DUBAI, United Arab Emirates (AP) — Qatar's stock exchange has dropped following an extended holiday closure as the tiny Gulf nation faces a deadline to accept demands from four Arab countries.

The benchmark QE Index lost more than 3 percent Sunday before recovering some of its losses later in the trading session to close down 2.3 percent at 8,822.15.

The market was last open before the Eid al-Fitr holiday on June 22. That was the day that Saudi Arabia, the United Arab Emirates, Egypt and Bahrain issued Qatar a 13-point list of demands and gave it 10 days to comply.

The ultimatum expires Sunday, though the countries involved have not provided a precise time or detailed what immediate penalties, if any, Qatar will face.

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Qatar's stock exchange has dropped following an extended holiday closure as the tiny Gulf nation faces a deadline to accept demands from four Arab countries.The benchmark QE Index lost more than 3 percent Sunday before recovering some of its losses later in the trading...
ML,Qatar
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2017-42-02
Sunday, 02 July 2017 07:42 AM
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