2 Min Read
(Reuters) - Major Gulf stock markets registered sharp gains on Thursday, boosted by financials, with Qatar outperforming the region after it approved a bill to allow non-Qatari investors to own up to 100% of listed companies’ capital.
FILE PHOTO: An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File Photo
In Qatar, the benchmark closed 2.8% higher, its biggest intraday gain since last April, with banks leading the gains.
Qatar Islamic Bank leapt 8.3%, and Commercial Bank surged 10%, to become the top gainer on the index.
The cabinet also decided to keep central bank liquidity support for local banks based on need as the country faces a second wave of coronavirus infections.
Qatar leads major Gulf markets higher; Egypt retreats
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Qatar leads major Gulf markets higher; Egypt retreats
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.