Sunday 12 August 2012

Qatar aims to top the league table - The National

Tucked away in "old" Doha, Qatar's stock exchange looks more like a suburban bank branch than a national bourse.

With a few local men lounging on seats in front of a screen that displays the listed equities, and a bored-looking teller waiting for someone to place a trade, it is a very different from the "bear pit" trading atmosphere of New York.

But, like the rest of Qatar's capital city, looks can be deceiving. The outwardly sleepy exchange is home to some of the region's largest industrial, financial and property giants including Industries Qatar, a petrochemicals maker and Qatar National Bank, the country's largest lender. Their collective shares are worth more than US$125 billion (Dh459.12bn).

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