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GCC market crash erases Doha bourse’s late-summer gains

The Qatar Exchange 20 Index dived 2.29% to close at 9,547.73 points (the lowest level since July 27 2013) on Wednesday as shares lost across the board. Dlala Holding posted the biggest drop (off 8.05%), while General Insurance quit trading as a lonely gainer (up 1.18%). GCC stock markets dived between 4% to 10% in since the start of the week on increased worries the U. S. military threat against the government in Syria could escalate into a regional war.