Friday 28 December 2018

QSE world's best performer in 2018 with about 20% returns

QSE world's best performer in 2018 with about 20% returns:

The #Qatar Stock Exchange (QSE) brought out the best performance in the world in 2018 with about 20% returns, a far higher than that offered in the neighbourhood; denting the hopes of the Saudi-led quartet that imposed trade and economic blockade on Doha.

The consumer goods, telecom, industrials and transport sectors were seen out-performing the market, whose capitalisation gained approximately QR25bn in 2018; although their net profitability had a chequered path.

The year saw the increased exposure of international funds, especially from the US and Europe. A preliminary estimate suggests that the first six months of 2018 has seen more than $1.45bn in foreign net inflows demonstrating the confidence in the outlook for Qatar, particularly amongst foreign investors.

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