Santhosh V. Perumal

Increased buying interests of foreign institutions on Wednesday led the Qatar Stock Exchange (QSE) into a positive trajectory to inch near 10,000 levels.

Qatar will launch 'Energy Bank' with a targeted capital of $10bn to fund hydrocarbon-centric projects across the world, a move that will make Doha a leading player across verticals in the global oil and gas industry.

Higher extraction of hydrocarbons and robust expansion in the production of food, basic metals and cement have led Qatar's industrial production report a robust 1.5% growth in January 2019 against the previous month, according to the official estimates.

The Qatar Stock Exchange on Tuesday witnessed increased buying interests from domestic funds, yet its key index settled marginally lower.

Milaha has embarked on a multi-pronged strategy, which includes opening new shipping routes, especially into Europe and selected South East Asian markets this year, as part of its efforts to further cement its leading position in the global maritime and logistics industry.

Foreign and domestic funds on Monday propelled the Qatar Stock Exchange 110 points to take its benchmark near 10,000 levels.

Qatar First Bank will be removed from the Al Rayan Islamic Index, while Qatar Cinema will join both Qatar bourse's All Share Index and Consumer Goods and Services Index, effective from April this year.

The Qatar Stock Exchange (QSE) on Sunday saw local and Gulf retail investors turn bullish amidst a bearish overhang. The Gulf institutions were also seen bullish, even as the 20-stock Qatar Index settled lower at 9,863.1 points.