Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - QE index loses 33.71 points  Join our daily free Newsletter

MENAFN - The Peninsula - 19/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The Qatar Exchange index ended in the red area when trading closed yesterday at 11,690.49 points, down 33.71 points or 0.29 percent, from the previous closing of 11,724.20 points on Monday



The volume of shares fell to 14,023,380 from Monday's 16,013,457 and the value of shares decreased to QR611,438,127.91 from QR1,131,203,414.65 on Monday. Among the top losers were Qatar Islamic Bank, whose shares were down 1.58 percent to QR80.90, Ooredoo lost 0.99 percent to QR150.60, while Vodafone Qatar fell 1.12 percent to QR12.39 and Doha Insurance lost 9.97 percent to QR27.55



The banking and financial sector index lost 0.37 percent points, while consumer goods and services sector index added 0.24 percent. The industrial sector dropped 0.08 percent, while insurance sector was up 0.91 percent



Elsewhere, Egypt's bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin today, while Dubai's shares fell in profit-taking after mixed earnings reports.



"People are excited about the elections, they are building positions in anticipation of presidential election law," said Mohamed Radwan, director of international sales at Pharos Securities in Cairo



Cairo's benchmark index rose 1.9 percent to 7,721 points, its highest level since September 2008. It broke above the April 2010 intraday peak of 7,693 points but will need a weekly close above the level to confirm a breakout from the resistance



Dubai's index lost 1.1 percent, slipping off Monday's five-year high. Shares in Air Arabia tumbled 4.8 percent to a two-week low after the budget carrier posted a profit of Dh94m, which came in slightly below estimates. It also proposed a 7.25 percent cash dividend that's only marginally above the previous year's 7 percent dividend. "The overall market has had a nice run but fundamentally, it's becoming overstretched. Fresh money won't come in if valuations are high," said Ali Adou, portfolio manager at The National Investor



Analysts and investors have been calling for a correction on Dubai's market with heavy retail activity spurring small-cap stocks in speculative buying



Saudi Arabia's index climbed 0.2 percent. Banking shares supported gains with the sector's index up 0.3 percent

 


The Peninsula




  MENA News Headlines
 Jul 4 2015 - Russian cargo ship heads to ISSThe Peninsula
(MENAFN - The Peninsula) A Russian Soyuz rocket blasted off yesterday to deliver a cargo ship loaded with food, water and equipment to the International Space Station, breaking a string of launch ...

 Jul 4 2015 - Doha Bank raises QR2bn Tier 1 capital-boosting bondThe Peninsula
(MENAFN - The Peninsula) In March, the bank said that it would issue capital-enhancing bonds with a perpetual tenor and an option for the bank to redeem them after six years, to boost the bank's Tier ...

 Jul 4 2015 - Qatar stock index edges lower this weekThe Peninsula
(MENAFN - The Peninsula) Qatar Stock Exchange (QSE) index edged lower this week when the bourse closed Thursday at 12,121.08 points, down 12.15 points, or 0.10 percent.The traded value of QR 1.32bn ...

 Jul 4 2015 - Mideast passenger demand growth soars 14pc: IATAThe Peninsula
(MENAFN - The Peninsula) The International Air Transport Association (IATA) announced global passenger traffic results for May showing strong demand growth compared to May 2014 for both domestic and ...

 Jul 4 2015 - Qatar- Milaha acquires 100pc controls in two liquefied gas carriersThe Peninsula
(MENAFN - The Peninsula) Milaha announced that its wholly owned subsidiary, Qatar Shipping Company, acquired the remaining 60 percent interest in each of the two entities that own the liquefied ...

 Jul 4 2015 - Tunisia arrests eight with 'direct links' to beach massacreThe Peninsula
(MENAFN - The Peninsula) Tunisia has arrested eight people in connection with last week's jihadist massacre at a seaside resort, as the remains of more British victims were set to be flown home ...

 Jul 4 2015 - Egyptian air strikes kill 23 militants in North Sinai: sourcesThe Peninsula
(MENAFN - The Peninsula) Egypt launched air strikes on Islamist militant targets in the Sinai peninsula on Thursday, killing 23 fighters a day after the deadliest clashes in the region in years, ...

 Jul 4 2015 - Saudi opens privatised airport for pilgrimsThe Peninsula
(MENAFN - The Peninsula) Saudi Arabia yesterday officially opened a billion-dollar aviation gateway aimed at pilgrims, in its first airport privatisation. Local media said Custodian of the Two Holy ...

 Jul 4 2015 - Kuwaiti Sunni and Shi'ite worshippers, pray together with Emir showing unityThe Peninsula
(MENAFN - The Peninsula) Kuwait deployed unprecedented security measures around Shiite mosques for Friday prayers following last week's deadly bombing, as the emir attended a rare Shiite-Sunni joint ...

 Jul 4 2015 - Top jihadist from Tunisia killed by US strike in LibyaThe Peninsula
(MENAFN - The Peninsula) A top Tunisian jihadist was killed by a US airstrike in Libya last month, The New York Times reported Friday.The jihadist, Seifallah Ben Hassine, also known as Abu Ayadh, was ...

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