Qatar stock market bull keeps raging, index inches to 10,000 levels - The Peninsula Qatar:
The run of gains on Qatar stock market extended to fourth consecutive session yesterday and the bull is expected to keep raging. Powered by foreign buying, the QSE benchmark index surged to 9,976.51, up 1.56, its highest levels for 14 months, to close the gap created back in June 2017, the day on which the Arab quartet imposed a blockade on Qatar. QSE said the index delivered highest return amongst emerging and developed world markets in 2018.
Banking and real estate stocks were the main drivers. Banking sector rose 2.20 percent with the Commercial Bank rising the most by 4.14 percent. QNB gained 2.29 percent and QIB advanced 2.25 percent. Ezdan, Doha Bank, QEWC and Barwa were among other top gainers. Ezdan surged 9.83 percent and Barwa jumped 2.48 percent.
QSE index delivered 17.05 percent since the beginning of the year until the close of yesterday’s trading session making it the best performing market across emerging and developed markets globally. In 2018 the market has seen $1.45bn in foreign net inflows demonstrating confidence in the outlook for Qatar, particularly amongst foreign investors, the bourse said.
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