Quotes: US 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
 Oct 20 2014 - Saudi stocks buck trend with healthy gainsArab News
(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index bucked the three-day prevailing downward trend and logged a sharp gain of 2.39 percent on Sunday.The index opened with a largely ...

 Oct 20 2014 - Saudi- NCB pledges conversion to Islamic bank after pressure from scholarsArab News
(MENAFN - Arab News) RIYADH: National Commercial Bank (NCB) has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within ...

 Oct 20 2014 - HE Prime Minister Inaugurates Milipol Qatar 2014Qatar News Agency
(MENAFN - QNA) Under the auspices of HH the Emir Sheikh Tamim bin Hamad Al-Thani, HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani inaugurated the 10th ...

 Oct 20 2014 - HE Prime Minister Meets Commander of Turkey's Aegean ArmyQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Commander of Aegean Army General Abdullah Atay and ...

 Oct 20 2014 - HE Prime Minister Meets Iran's Police ChiefQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Chief of Iran's National Police Forces Commander Ismael Ahmadi and the ...

 Oct 20 2014 - Israeli Forces Arrest Four Palestinians from Bethlehem and HebronQatar News Agency
(MENAFN - QNA) Israeli forces arrested early Monday four Palestinians from Bethlehem and Hebron districts, said security sources. Large Israeli troops raided the town of Taqou‘ to the east of ...

 Oct 20 2014 - 20 million to vacation abroad by 2030Arab News
(MENAFN - Arab News) The number of Saudi vacationers spending their holidays abroad will increase sixfold by 2030 a local study revealed.The study carried out by a company specializing in travel ...

 Oct 20 2014 - Student's death in US: Cousin reveals detailsArab News
(MENAFN - Arab News) Several relatives of Abdullah Alkadi the Saudi scholarship student in the US whose body was found late on Thursday more than a month after he went missing are flying to Los ...

 Oct 20 2014 - King orders free treatment for people with special needsArab News
(MENAFN - Arab News) Custodian of the Two Holy Mosques King Abdullah has instructed the Ministry of Social Affairs to pay the treatment costs of people with disabilities at rehabilitation centers. ...

 Oct 20 2014 - S. Korea's Int'l Airline Traffic Grows 9.12 in Q3Qatar News Agency
(MENAFN - Qatar News Agency) Seoul October 20 (QNA) - South Korea's international airline traffic rose 9.1% from a year earlier in the third quarter partly on a rise in the number of flights to and ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help