Qatar's index .QSI shrugged off early declines to hit a 26-month high on Tuesday as lower stock prices drew investors, helping extend a World Cup rally.
Masraf Al Rayan (MARK.QA) climbed 2.7 percent, Vodafone Qatar (VFQS.QA) added 1.8 percent and Commercial Bank of Qatar COMB.QA rose 2 percent.
'Qatar volumes have picked up dramatically and new money is coming in to position for the long term,' said a Kuwait-based analyst who asked not to be identified. 'There is some selling for investors who had been holding Qatar stocks for a long, long time as they waited for Qatar to recover from the 2008 crash, but others are buying into any weakness.'
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