Santhosh V. Perumal

The Arab individuals and the Gulf funds were increasingly net buyers amidst an overall bearish overhang in the Qatar Stock Exchange on Wednesday.

Qatar’s most successful greenfield dairy farm Baladna has chalked out an ambitious strategy for this year to not only strengthen its core business by entering new product lines but also explore geographical expansion, especially South East Asia and beyond.

The Qatar Stock Exchange Tuesday witnessed local retail investors turn bullish even as it settled marginally down.

Masraf Al Rayan has become the first listed entity to recommend up to 100% foreign ownership, after the cabinet endorsed a plan that offered full foreign holding in the listed companies.

Qatar witnessed a robust double-digit year-on-year growth in the production of cement, rubber and plastic products amidst a slowdown in the overall manufacturing sector in February 2021, according to Planning and Statistics Authority (PSA).

The cabinet nod to allow up to 100% foreign ownership in the listed companies and downward revision in the initial margins lifted the sentiments in the Qatar Stock Exchange, which gained as much as 160 points to cross the 10,900 levels.

The cabinet nod allowing the listed companies to increase the foreign ownership limit (FOL) up to 100% had significantly lifted the sentiments in the Qatar Stock Exchange (QSE) this week.

The Qatar Stock Exchange (QSE) has revised down the initial margins to 50% from the earlier stipulated 60%, a move that ought to enhance the liquidity and market attractiveness.