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Qatar ETF falls in premarket trading after other countries cut diplomatic ties

The largest exchange-traded fund to track the Qatar equity
market fell in premarket trading on Monday, after several
countries cut their diplomatic ties with Qatar, citing it of
backing terrorism. The iShares MSCI Qatar Capped ETF


lost 1.4%, while Qatar stocks were on track for
their biggest one-day percentage drop since late 2014, down
7.4%. Saudi Arabia, Egypt, Bahrain and the United Arab Emirates
all broke diplomatic ties with Qatar on Monday, on accusation
that it backs terrorism, a charge Qatar denies. The fund has
been a weak performer of late, having dropped nearly 6% over
the past three months.

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