Qatar’s stock market headed for its tenth straight losing session on Sunday as the country’s index slipped 0.5 percent with Doha Bank dropping 2.6 percent.
On Friday, Qatari Emir Sheikh Tamim bin Hamad al-Thani said Qatar was ready to sit at the negotiating table to try to end a dispute with its Gulf Arab neighbors. But in the absence of a response from the Anti-Terror Quartet boycotting Qatar, investors did not take the remarks as a sign that the dispute was moving closer to resolution.
Last week, sources told Reuters that Doha Bank had cut around 10 jobs in the United Arab Emirates and planned to put some staff in the region on unpaid leave, because of the hit to its business from the diplomatic dispute.
Doha Bank said the information was incorrect but declined to elaborate.