QE Index ends the week with gains
12 Feb 2021 - 9:01
Sachin Kumar | The Peninsula
Qatar’s stock market ended the week on a positive note as shares registered strong gains during the past four trading sessions. The Qatar Stock Exchange (QE) Index has surged by 91 points to close at 10,522.78 points yesterday from 10,431 on previous Thursday. The index remained largely flat yesterday as QE Index declined 5.74 or 0.05 percent on Thursday. It was a truncated week for stock market with only four trading sessions due to official holiday on Tuesday because of National Sport Day. On Wednesday, the QE Index rose 0.8 percent to close at 10,528.5. The index rose on the back of buying support from GCC, Arab and Foreign shareholders despite selling pressure from Qatari shareholders. The Industrials and Insurance indices led the gains. Al Khaleej Takaful Insurance Company and Qatari German Company for Medical Devices were the top gainers, rising 10 percent and 9 percent, respectively.