Gulf Times – Top UK stockbroker sees ‘positive’ outlook for Qatar

Panmure Gordon, a member of the London bourse, has a “positive” outlook on Qatar and its equity market in view of the immense potentialities in the domestic economy.

“We believe that the outlook for both the Qatari economy and equity market is positive,” Panmure said, forecasting that the country’s overall real GDP (gross domestic product) was expected to average 6.9% between 2011 and 2016.

Qatar has enjoyed a solid start to 2011, benefiting from higher energy prices and avoiding the political turbulence which occurred in many countries across the Middle East and North Africa (Mena) region, said Panmure, which is the financial advisor and joint broker for Qatar Investment Fund, an Isle of Man-domiciled fund that invests in quoted Qatari equities listed on the Qatar Exchange (QE).

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