Google+ Followers

Tuesday, 19 July 2016

MIDEAST STOCKS-Qatar outperforms again in sluggish region | Reuters

MIDEAST STOCKS-Qatar outperforms again in sluggish region | Reuters:

"Qatar's stock market rose on Tuesday after breaking major technical resistance, but other markets in the region were sluggish, held back by soft oil prices and mixed corporate earnings.

The Qatari index climbed 0.6 percent to 10,649 points in a broad-based rise, with nine of the ten most heavily traded stocks gaining. Trading volume fell from Monday's high level but remained active.

On Monday the index had broken above its December and March peaks at 10,490 and 10,502 points, triggering a "reverse head and shoulders" pattern formed by the highs and lows since December and pointing up in the long term to around 12,600 points."



'via Blog this'