Qatar to host World Cup 2022: A boon for the country's stock market?
The announcement that Qatar beat out the U.S., Australia, Japan and South Korea to play host to this major international sporting event could be giving a boost to the small Middle Eastern nation's stock market.
Bloomberg News is reporting that speculation that the country would win their bid drove the Qatar Exchange Index up 0.7 percent before closing for the day.
Prior to Qatar's selection, Ahmed A. Hadi, general manager of an equity brokerage firm in Doha, told Bloomberg:
"If Qatar wins, it would have a massive impact on the country's infrastructure and economy as it would improve liquidity and affect companies in the real estate, communications and logistics sectors."
By
Sarah Halzack
| December 2, 2010; 11:18 AM ET
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