Qatari Shares Decline Most in a Month as Dividends Disappoint
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Qatar’s benchmark stock index fell the most in a month amid investor concern dividend payments in the Persian Gulf nation aren’t reflecting companies’ earnings.
Masraf Al Rayan, an Islamic bank, fell the most in almost a month. Doha Bank QSC, Qatar’s third-largest lender by total loans, declined the most since October. The benchmark QE Index retreated 1 percent, the most since Jan. 19, to 8,544.18 at the close in Doha. It dropped 1.7 percent this week. The Bloomberg GCC 200 Index, which tracks the 200 biggest companies in the six-nation Gulf Cooperation Council, fell 0.2 percent.