Qatar bourse crosses 10,000 mark despite EM meltdown

Qatar bourse crosses 10,000 mark despite EM meltdown:

"Emerging markets across the world witnessed meltdown on strong recovery signals from the US but the Qatar Exchange braved the odds with its sustained gains for the second day yesterday.

Unlike in other emerging markets where foreign institutions heavily resorted to profit-booking, they rather pumped in more than QR14mn (net) into the Qatari bourse to lift the 20-stock Qatar Index (based on price data) by 1.30%.

Trading volume more than doubled – mainly on account of realty and transport sectors, in the market, which crossed the 10,000 resistance level on improved investors’ confidence."

'via Blog this'