The Qatar Stock Exchange on Thursday settled marginally down, mainly on account weakened buying interests of foreign institutions.
Strong buying – especially in the real estate, insurance and industrials sectors – helped the Qatar Stock Exchange surpass 10,300 levels with an ease.
The significant increase in the number of local and foreign meetings hosted by Qatar Chamber in 2018 reflects international interest on Qatar as a major investment destination, a top Chamber official has said.
Qatar Petroleum has entered into an agreement with Eni to acquire a 35% participating interest in three offshore oil Fields in Mexico.
Strong buying interests – especially at the realty, telecom, industrials and banking counters – imparted a more than 101 points thrust to the Qatar Stock Exchange, which on Monday settled near 10,400 levels.
Qatar plans to spend $3bn to attract foreign companies to its new free zones as the country seeks to diversify its economy amid a boycott.
Bullish sentiments continued on the Qatar Stock Exchange for the third consecutive day on Thursday to help the bourse to settle above 9,900 levels mainly on the back of buying interests from Gulf institutions.
The Qatar Stock Exchange on Wednesday saw strong buying interests at the insurance counter but overall it settled in the negative at a tad above 9,800 levels.
The Qatar Stock Exchange on Tuesday edged down marginally despite strong buying interests in insurance and banking counters.
The Islamic finance industry has grown considerably over the past decade to become one of the fastest growing financial systems today, according to HE the Qatar Central Bank Governor ...