World Cup Questions Send Qatari Stocks Lower as Dubai Retreats
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Qatari stocks declined a third day as investors continued to fret over whether the Gulf nation will retain the right to host the soccer World Cup. Most Middle Eastern equity markets also retreated.
The QE Index dropped 0.9 percent to 11,981.98, only the second time since April it has closed below the 12,000 level. The gauge earlier slumped as much as 2 percent before a late rally pared losses. Industries Qatar QSC led the slide with its biggest retreat since January.