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Industrials, banking counters lift QSE above 10,700 levels
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QSE settles below 10,700 despite bullish grip of local retail investors and domestic funds
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QE Index soars over 200 points last week
15 Jan 2021 - 9:43
Sachin Kumar | The Peninsula
Shares had a good run last week with Qatar Stock Exchange (QE) Index soared around 235 points or 2.2 percent in the past five trading sessions. On Thursday, the QE Index gained 47.22 points or 0.43 percent to close at 10,913.83 points. Indices of five sectors ended in green zone and two sectors ended red zone today. The volume of shares traded decreased to 219 million from 270 million on Wednesday and the value of shares decreased to QR546.8m from QR814.1m on Wednesday.
It was a remarkable week for the bourse as Shares of QLM were listed on the QSE on Wednesday, taking the total number of companies listed on the exchange to 48. QLM made a strong debut on the bourse as its share surged around 24 percent on the first day of trading at the Qatar Stock Exchange driven by strong investors demand.
Shares surge amid healing of GCC rift
06 Jan 2021 - 9:24
Sachin Kumar/ The Peninsula
Qatar’s stock market celebrated the news of agreement between Qatar and Saudi Arabia to open airspace, land and sea borders as shares witnessed a sharp surge yesterday. The Qatar Stock Exchange (QE) Index jumped 141 points or 1.35 percent to close at 10,618.39 points, yesterday.
The rally in the bourse was comprehensive as all the sectoral indices ended in the green.
Foreign Minister of the State of Kuwait, H E Sheikh Dr. Ahmed Nasser Al Mohammad Al Sabah announced on Monday night that the Kingdom of Saudi Arabia and the State of Qatar reached an agreement to open airspace as well as land and sea border starting tonight.