After Month of Crisis, Here Are Qatar's Worst-Hit Stocks
- Bank shares among most pressured during Saudi-led boycott
- Qatari Investors biggest decliner on benchmark index
Soltvedt on What Lies Behind the Saudi-Led, Qatar Dispute
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Qatar’s stock market has lost about $15 billion in market value, or 10 percent, since the start of a Saudi-led boycott on June 5, with 17 of 19 members on the main QE index declining led by Qatari Investors Group QSC.
The U.A.E., Saudi Arabia and Egypt accuse Qatar of supporting terrorist groups, a charge that the gas-rich nation denies. Qatar submitted a response on Monday to the group’s 13 demands, which the Saudis said they will study before responding.