Thursday 10 November 2011

Qatar stock charts bullish after breaking resistance | Business Recorder

Qatar's stock market could break above its recent trading range as soon as next week if global markets, still vulnerable to the euro zone debt crisis, do not fall sharply, analysts say.

The Qatar market, reopening on Wednesday after long Eid holidays, climbed 0.9 percent to 8,705 points.

In the week before the holidays, it had risen above its September peak of 8,520 points, viewed as an important barrier by many investors.

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