Investor confidence in Qatar was higher than the GCC average in October thanks to the the strength of its macro economy, a survey by Shuaa Capital found.
In its latest GCC Investor Sentiment Report, Shuaa also said the price of crude oil was expected to rise further and that investors were also bullish on gold.
Qatar’s investor confidence index jumped 7.3 points to 143.1, which is higher than the GCC average of 132.2 points, said Shuaa Capital.
“The Qatar Index has consistently been one of the highest Indices in the region and after last month’s dip, Qatar has bounced back by recording its highest ever index of 143.1 this month,” said Oliver Schutzmann, Chief Communications Officer of Shuaa Capital.
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