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In reply to the discussion: STOCK MARKET WATCH, Tuesday, December 13, 2011 [View all]xchrom
(108,903 posts)8. middle east: Qatar’s Shares Retreat Most in Three Week as Europe Rating-Cut Concerns
http://www.bloomberg.com/news/2011-12-13/qatar-s-shares-retreat-most-in-a-week-as-europe-rating-cut-concerns.html
Qatars benchmark stock index declined the most in more than three weeks as emerging-market stocks fell after Fitch Ratings joined Moodys Investors Service in warning that Europe faces lower credit ratings.
Industries Qatar QSC (IQCD), the Middle Easts second-biggest petrochemicals company, dropped to the lowest level this month. Qatar Telecom QSC (QTEL), the countrys biggest company by revenue, retreated the most since Nov. 28. Qatars QE Index (DSM) dropped 0.4 percent, the most since Nov. 21, to 8,763.78 at the 1 p.m. close in Doha. Abu Dhabis ADX General Index (ADSMI) lost 0.3 percent and the MSCI Emerging Markets Index fell as much as 1.1 percent.
Gulf Cooperation Council markets are trading on a negative note tracking international sentiment, said Samer Darwiche, an analyst at Gulfmena Investments in Dubai. Moodys comments that the European summit failed to produce decisive measures is affecting sentiment, he said.
Stocks in Asia and the U.S. declined amid speculation that European credit ratings may be cut. Fitch Ratings and Moodys said yesterday that a European Union summit last week offered little help in ending the regions debt crisis. The Dow Jones Industrial Average fell 1.3 percent yesterday in New York.
Qatars benchmark stock index declined the most in more than three weeks as emerging-market stocks fell after Fitch Ratings joined Moodys Investors Service in warning that Europe faces lower credit ratings.
Industries Qatar QSC (IQCD), the Middle Easts second-biggest petrochemicals company, dropped to the lowest level this month. Qatar Telecom QSC (QTEL), the countrys biggest company by revenue, retreated the most since Nov. 28. Qatars QE Index (DSM) dropped 0.4 percent, the most since Nov. 21, to 8,763.78 at the 1 p.m. close in Doha. Abu Dhabis ADX General Index (ADSMI) lost 0.3 percent and the MSCI Emerging Markets Index fell as much as 1.1 percent.
Gulf Cooperation Council markets are trading on a negative note tracking international sentiment, said Samer Darwiche, an analyst at Gulfmena Investments in Dubai. Moodys comments that the European summit failed to produce decisive measures is affecting sentiment, he said.
Stocks in Asia and the U.S. declined amid speculation that European credit ratings may be cut. Fitch Ratings and Moodys said yesterday that a European Union summit last week offered little help in ending the regions debt crisis. The Dow Jones Industrial Average fell 1.3 percent yesterday in New York.
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Rememeber that London made such a strong deliberate effort to become a huge banking center
dixiegrrrrl
Dec 2011
#54
middle east: Qatar’s Shares Retreat Most in Three Week as Europe Rating-Cut Concerns
xchrom
Dec 2011
#8
aha..so THAT is how it went down. I knew not, and really appreciate seeing the bigger picture.
dixiegrrrrl
Dec 2011
#58
This is about as Meta as I'm going to get here, but, I thought it needed to be said.
Hugin
Dec 2011
#79
whatever opinions I hold about the placement, they are not directed at you
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Dec 2011
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