Mideast Stocks-Qatar gains on QAMCO debut, most Gulf markets fall | ZAWYA MENA Edition:
Gulf shares ended mostly lower on Sunday, hurt by a fall in global markets on Friday, but Qatar shares bucked the trend after a successful debut of Qatar Aluminium Manufacturing Co (QAMCO).
Qatar shares closed 0.4 percent higher as shares of QAMCO opened at 18.00 riyals, nearly 80 percent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar's biggest equity listing this year. The shares later eased to 13.01 riyals.
Industries Qatar also gained 0.9 percent.
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