Qatar stock index plunges 1.45 percent after FIFA arrests

Real-estate stocks worst hit following news of probe into 2018 and 2022 World Cups

Published: Updated:
Read Mode
100% Font Size

The Qatar stock exchange index tumbled on Wednesday following news of arrests at FIFA and an investigation into the voting process for the 2018 and 2022 World Cups.

The exchange stood at 12,228.83 by the close of trading, marking a 1.45% drop on the previous close.

READ MORE: Qatar World Cup probe after FIFA arrests

Property stocks were the worst hit, with the Qatar Real Estate index down by 2.14%.

Swiss police have said they will question 10 FIFA executive committee members who took part in the World Cup votes in December 2010, throwing into doubt the award of the 2018 World Cup to Russia and the 2022 tournament to Qatar.

Police said earlier they had arrested six soccer officials pending extradition at the request of U.S. authorities. FIFA President Sepp Blatter was not among them.

Swiss prosecutors have said the U.S. probe was separate from its investigation, but the authorities are understood to be working together.

READ MORE: Qatar World Cup probe after FIFA arrests

Top Content Trending