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Gulf Traders Need More Than a Thaw With Qatar to Stoke Rally

  • Any rapprochement to be only ‘marginally positive’: Templeton
  • Saudi consumer, Qatari logistic shares may gain, United says
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Investors want to see more pieces of the Middle East’s geopolitical jigsaw drop into place before they give bonds in the region a fresh lift.

The Gulf Cooperation Council’s annual meeting in Saudi Arabia on Tuesday is raising hopes for a thaw between Qatar on one side, and Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on the other. Saudi Arabia said it will open its land, air and sea borders with Qatar on Monday evening ahead of the meeting, dramatically easing the yearslong diplomatic rift.