Qatar Shares Dumped by Neighbors Get Snapped Up by Locals

Institutional investors from the six-nation Gulf Cooperation Council were net sellers of Qatari stocks in almost every session since June 5, when a Saudi Arabian-led bloc cut commercial and diplomatic ties with the country. A wave of patriotic buying has countered the disposals, with local money managers purchasing $322 million in stocks, against $240 million of outflows from GCC institutions. Qatar’s main stock index has declined 10 percent since the spat began, more than any other major global benchmark.

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