Qatar's bourses slip from its six-week high as investors book recent gains with Industries Qatar the main drag, while Abu Dhabi's measure eases away from a 15-month high.
Shares in Industries Qatar fall 2.4 percent, down from Thursday's four-year high.
"IQ's price is on the upper end but they are also getting into a lot of projects so the bar will be raised," says Yassir Mckee, wealth manager at Al Rayan Financial Brokerage. "They have the potential to break the 52-week high but trading is a little bit speculative-- materialisation of the projects will take some time."
No comments:
Post a Comment