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EN
Mideast Stocks: Gulf markets retreat on rate cuts and Fed caution
['Amna Mariyam']
Zawya.com - All Regional News
Qatar's stock index slipped 0.4%, marking three straight days of losses with selling concentrated in financials and energy shares.
Qatar National Bank, the region's largest lender, dropped 3% - its steepest single-day decline in over three months - while Nakilat shed 1.6%.
Outside the Gulf, Egypt's blue-chip index advanced 0.3%, rebounding after two sessions of losses, boosted by a 3.4% jump in Eastern Company.
Credit Agricole rose 0.8% after announcing that its subsidiary, Egyptian Housing Finance, has acquired consumer finance firm Just Finance.
Investors are now turning their focus to the upcoming third-quarter earnings season, kicking off with Qatar National Bank's report on October 7.
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