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Doha: Overseas institutional investors were net buyers of about $2.3 billion of shares traded on Qatar’s bourse this year, more than triple the foreign flows into Riyadh, according to a report by Bloomberg.
Inflows have picked up in Qatar this year after several large-cap companies announced they were easing limits on foreign ownership, prompting an adjustment of their weighting in benchmarks used by emerging-market fund managers.
“In Saudi Arabia, overseas investors were net buyers of as much as $3 billion at a peak in June, but that figure fell to around $700 million after a sell-off following the murder of newspaper columnist Jamal Khashoggi at the Saudi consulate in Istanbul in October,” the report
“Investors see that Qatar is still a stable area for investment. Going into 2019, the trend could very well continue because Saudi Arabia has itself been involved in a number of conflicts around its border and this doesn’t represent stability at all,” the report has quoted Naeem Aslam, the chief market analyst at Think Markets UK in London, as saying. (TNN)
Inflows have picked up in Qatar this year after several large-cap companies announced they were easing limits on foreign ownership, prompting an adjustment of their weighting in benchmarks used by emerging-market fund managers.
“In Saudi Arabia, overseas investors were net buyers of as much as $3 billion at a peak in June, but that figure fell to around $700 million after a sell-off following the murder of newspaper columnist Jamal Khashoggi at the Saudi consulate in Istanbul in October,” the report
“Investors see that Qatar is still a stable area for investment. Going into 2019, the trend could very well continue because Saudi Arabia has itself been involved in a number of conflicts around its border and this doesn’t represent stability at all,” the report has quoted Naeem Aslam, the chief market analyst at Think Markets UK in London, as saying. (TNN)
