Qatar Defiance Fuels Stock Declines as Neighbors' Deadline Looms
- Benchmark dropped the most in the Middle East on Sunday
- Lender Qatar Islamic Bank contributed the most with loss
Investors Weigh Qatar Deadline Extension
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Qatari stocks fell the most in the Middle East as the rift with Gulf neighbors showed no sign of easing ahead of a crucial deadline.
The QE Index, which resumed trading after a one-week public holiday, declined as much as 4 percent after Foreign Minister Mohammed Al Thani said the Gulf emirate is prepared to miss a deadline tomorrow to comply with demands set by a Saudi-led group of nations, threatening to extend a blockade of its air, sea and land links they imposed a month ago.