Qatar drops to two-week low as post-dividend stocks weigh

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Qatar drops to a two-week low as stocks trading post-dividend weigh, while other Gulf markets are flat to lower in early trade as investors book recent gains amid thin news flow.

Investors are hoping a positive catalyst may come in the form of first-quarter earnings.

Doha's bourse slips 0.7 percent to 8,519 points, its lowest since March 14.

Heavyweight Qatar Telecom drops 4.4 percent and Qatar Navigation (Milaha) falls 5.8 percent, both trading post-dividend.

Abu Dhabi's benchmark declines 0.4 percent to 3,013 points, trimming 2013 points to 14.5 percent.

Dubai's measure is little changed at 1,830 points, hovering at a two-month low.

Elsewhere, Oman's bourse slips 0.2 percent to 5,975 points, and Kuwait's index is flat.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Blood on the bourse floor

Blood on the bourse floor

Arabtec’s share price collapse was the catalyst for a huge sell...

Taking stock

Taking stock

Gulf stock markets have seen a dearth of IPOs since the global...

Steering clear of the stock markets

Steering clear of the stock markets

Listing was all the rage three years ago, but IPOs have since...

Most Discussed
  • 17
    Nakheel PR: The toughest job in Dubai?

    You forgot to mention the sewage pit between JLT and Jumeirah Park and the terrible landscaping in Jumeirah Park The chain link fencing they want to install... more

    Monday, 30 March 2015 9:05 AM - An Emaar Fan
  • 14
    Has Narendra Modi already lost the plot?

    Gaja - Anil is RIGHT this once! Modi stands for anarchy. Look at the way he is treating the minorities. Do you even for a second believe that he is innocent... more

    Sunday, 29 March 2015 1:42 PM - Ann
  • 14
    Dubai Int'l T1 is too congested, says Indian airline boss

    Question: All you people, criticizing my comment, do you work for Air India by any chance?

    Additionally, for all the whiners, I will provide you... more

    Tuesday, 31 March 2015 12:50 PM - Mosa