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MidEast Shares Mostly Dip, Qatar Drops to More Than 2-Month Low

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Middle East stocks mostly eased with Qatar hitting the lowest level in more than two months after Industries Qatar and Ooredoo went ex-dividend.

Additional pressure stemmed from weak overnight markets amid concerns the United States will spark a trade war with tariffs.

In other news, Amwal listed Qatar's first ETF, designed to track the Qatar Exchange Index, which screens for the top 20 listed companies in Qatar by market capitalisation and liquidity.

Banque Saudi Fransi missed Q4 profit estimates in its results published on Sunday.

Qatar shares closed down 3.2%, Saudi stocks dipped 0.03%, Dubai eased 0.2% and Abu Dhabi index inched up 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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