Doha Stocks Rally on Saudi Arabia, Qatar Talks: Inside EM
- The QE Index climbs as much as 1.8% in Doha on Sunday
- Stock indexes in Riyadh, Dubai and Abu Dhabi also advance
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Stocks in Doha rallied after Saudi Arabia and Qatar said they were making progress toward ending a three-year long rift, providing the latest spur to a region being buttressed by a jump in oil prices and improved investor sentiment toward emerging markets.
Qatar’s benchmark QE Index gained as much as 1.8%, with all but one of its 20 members rising. Equities gauges in Dubai and Abu Dhabi also jumped as trading resumed after a holiday in the United Arab Emirates.