Qatar is now the top-performing stock market in the GCC

Qatar is now the top-performing stock market in the GCC: The Qatar Stock Exchange overtook Saudi Arabia as the GCC’s top-performing market, closing yesterday at its highest level since May last year, Reuters reports. The 1.5% jump in the index was led largely by banking stocks, indicating that the Qatari benchmark “has recovered all losses” since Egypt, Saudi, the UAE, and Bahrain decided to boycott the statelet in 2017, according to Bloomberg. “While the standoff shows no sign of ending, pressure on Qatari assets in general has eased.”