Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - QE surges to 67-month high, index up 1.54pc  Join our daily free Newsletter

MENAFN - The Peninsula - 18/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Qatar's benchmark index rose 1.54 percent, its biggest one-day gain in six weeks, to hit a 67-month high yesterday. Market cap rose to QR614bn from the previous session's QR604bn



Qatar Exchange added 177.97 points to advance to 11,724.20 points yesterday from 11,546.23 on Sunday



The volume of the shares traded fell to 16 million from the previous trading session's 19 million and the value of shares increased to QR1.13bn from QR778m.



Among the top gainers were Industries Qatar which was up 7.40 percent to QR193.10, Commercial Bank gained 0.41 percent to QR74.10, Electricity and Water added 2.63 percent to QR191.20 and Ooredoo was up by 2.42 percent to QR152.10



Industries Qatar surged to a nine-year high as a surprise hike in dividends attracted buyers even though the firm's fourth-quarter profit trailed estimates. Shares in the metals and petrochemicals conglomerate jumped 7.4 percent to QR193.10, their highest since April 2005.



Five out of seven indices ended in green, with industrial sector surging to 4.46 percent, while banks and real estates shed 0.20 percent and 0.06 percent, respectively. The consumer goods and services sector index up 0.49 points, while insurance sector rose 0.21 points



Dividends in the Gulf region have helped boost share prices more than positive earnings and in IQ's case, even offset weak earnings



Elsewhere in the region, Strong dividend and bonus share payouts by Saudi Arabian banks have also spurred investor confidence in recent weeks but the index slipped 0.3 percent in profit-taking yesterday



Petrochemical sector was the main culprit. Saudi Basic Industries Corp (SABIC) shed 0.9 percent and the sector's index lost 0.8 percent.



Banking shares index was little changed after gaining 5.7 percent so far in 2014.



In the United Arab Emirates, bourses were mixed with Dubai extending gains as the index climbed 0.8 percent to a new five-year high, boosted by a renewed real estate and tourism boom in the emirate



Shares in Emaar Properties advanced 1.2 percent ahead of the firm posting estimate-beating fourth-quarter profit, which surged 48 percent



Shares in telecommunications firm du and budget carrier Air Arabia also gained as investors made their bets before the announcement of fourth-quarter results



Abu Dhabi's measure slipped 0.2 percent after touching a multi-year intraday high of 4,920 points



In Egypt, the index ended flat at 7,577 points, while the Oman index retreated 0.4 percent to 7,151 points.



The Kuwait index slipped 0.5 percent to 7,794 points, while the Bahrain index rose 0.7 percent to 1,333 points

 


The Peninsula




  MENA News Headlines
 Jun 2 2015 - HE FM Assistant Meets UN Official, Discuss Libyan DevelopmentsQatar News Agency
(MENAFN - QNA) HE Foreign Minister's Assistant for International Cooperation Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met Tuesday with Special Representative of the UN ...

 Jun 2 2015 - HE Minister of Environment Attends Seminar on Genetic ResourcesQatar News Agency
(MENAFN - QNA) The Agricultural Research Department hosted Tuesday a seminar on the access to genetic resources and its benefit. The seminar is to celebrate the World Environment day and was held at ...

 Jun 2 2015 - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - HE Minister of State for Defense Affairs Meets Turkey's Deputy Minister of National DefenseQatar News Agency
(MENAFN - QNA) HE Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah met here Tuesday with Turkey's Deputy Minister of National Defense Hassan Kamal Yar Deja and his ...

 Jun 2 2015 - Qatar - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - Serbian Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Serbia's Minister of Public Administration and Local Self-Government Kori Udovicki has met with HE Qatar's Ambassador in Belgrade Sheikh Mubarak bin Fahad Al-Thani. Discussions ...

 Jun 2 2015 - Saudi GDP to grow 3.5 percent in 2015MENAFN
(MENAFN) Saudi Arabia's Gross Domestic Product (GDP) is set to record 3.5 percent growth this year, remaining unmoved from 2014, according to the International Monetary Fund, Reuters reported.As the ...

 Jun 2 2015 - UAE spends USD14.3b over Etihad AirwaysMENAFN
(MENAFN) The government of the United Arab Emirates has spent over USD14.3 billion in Etihad Airways, USD9.1 billion was granted through equity financing and USD5.2b through loans, Arabian Business ...

 Jun 2 2015 - Famous international brands to capitalise their investments in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) Ten years ago, no one would have imagined buying high-end products right from the heart of Cairo. However, nowadays, average local malls display impressive line of ...

 Jun 2 2015 - Egypt- Online platform to connect NGOs with private sector profitsDaily News Egypt
(MENAFN - Daily News Egypt) In the words of 23-year-old Khaled Yousry regarding his project: "I just want to make this country a better place for people to live in."Talking about the main reason he ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help