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
 Feb 1 2015 - Kuwait's human rights briefing received positively by UNHRCKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The periodical review of the human rights situation in Kuwait had been well received by the UN Human Rights Council.In his speech to the session on the UNHCR ...

 Feb 1 2015 - Kuwait Airways .. 60 years of successful servicesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The beginning of Kuwait's economic development came with the first oil export back in 1946, followed by an era where a number of prominent projects were executed, ...

 Feb 1 2015 - Kuwaiti crude up 79 cents to USD 42.54 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The price of Kuwaiti crude oil went up by 79 cents on Friday reaching USD 42.54 per barrel compared to USD 41.75 per barrel the earlier day, said Kuwait Petroleum ...

 Feb 1 2015 - Kuwait- Random profit-collecting sales drive KSE indices downKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange (KSE) ended last week in the red zone driven by a strong and random sale-for-profit trend, a specialized economic report showed Saturday.The ...

 Feb 1 2015 - Lebanon's Mufti lauds Kuwait's leading humanitarian roleKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Lebanon's Grand Mufti Sheikh Abdel-Latif Derian commended here on Saturday the Kuwaiti leading role in humanitarian action and supporting needy people.Sheikh ...

 Feb 1 2015 - Kuwait- Awqaf Ministry inaugurates 4th strategic planning conf. MondayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Ministry of Awqaf and Islamic Affairs will inaugurate Monday the Fourth Conference on Outstanding Practices in Strategic Planning which will mull the role of ...

 Feb 1 2015 - Kuwait- EQUATE wins GPCA 2015 AwardKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) EQUATE Petrochemical Company announced that it has won a Gulf Petrochemical and Chemical Association (GPCA) award for best plastic products and processes."As a ...

 Feb 1 2015 - Full-blown Kuwaiti opera marks national celebrations in Feb.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) In recognition of the sacrifices of Kuwait's martyrs during the 1990 Iraqi invasion, an unprecedented full-length opera will be staged on Feb 22-24, during the ...

 Feb 1 2015 - Bahrain revokes citizenship of 72 peopleKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Bahraini government has revoked the nationality of 72 people over failing in their allegiance duties towards the kingdom and harming its interests.The fresh ...

 Feb 1 2015 - Min. Al-Sanea stresses Kuwait's continuous support for Syrian refugeesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Visiting Minister of Justice and Minister of Awqaf and Islamic Affairs Yaqoub Al-Sanea said here on Saturday that Kuwait has been supporting the Syrian refugees ...

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

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