Qatar shares rose to the highest this month after Industries Qatar QSC, the Middle East’s second- biggest petrochemicals company, reported a 46 percent surge in third-quarter profit.
Industries Qatar climbed to the highest in three weeks. Gulf International Services OSC, which provides services to the oil and gas industry, headed for the highest close this month. The benchmark QE Index gained 0.1 percent to 8,428.73 at 11:16 a.m. in Doha, the highest intraday level since Sept. 28. The measure has advanced 2.2 percent this week. The Bloomberg GCC 200 Index was little changed.
Industries Qatar’s “price is cheap and the earnings are good,” said Haissam Arabi, chief executive officer at Gulfmena Alternative Investments in Dubai.
No comments:
Post a Comment