Tuesday 31 August 2010

MIDEAST STOCKS-Qatar seen as safe haven as index hits 3-mth high | Reuters

Qatar's index .QSI edged up to a three-month high on Tuesday, outperforming most Middle East markets as investors bet the country can best weather any shocks to the world economy.

Masraf Al Rayan (MARK.QA) climbed 1.4 percent, while Qatar Electricity and Water (QEWC.QA) and Qatar Telecom (QTEL.QA) (Qtel) rose 1 and 0.6 percent respectively, with the latter pair seen as attractive dividend plays.

Qatar's index gained for the 11th session in 12, rising 0.1 percent to its highest finish since May 18."

No comments:

Post a Comment