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
 Oct 8 2015 - UK official says Russia making situation in Syria more dangerousKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) UK Secretary of State for Defence, Michael Fallon, called on Russia Thursday to stop supporting the regime of Bashar Al-Assad and to stop the regime from bombing ...

 Oct 8 2015 - EP calls for intØ¢'l protection for E.JerusalemKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The European Parliament called Thursday East Jerusalem to be placed under immediate international protection after a series of violent clashes have left several ...

 Oct 8 2015 - USD to drop further as profit raise postpones - analystKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The rate of the US dollar is expected to drop against the main currencies in time of weakening expectations on the raise of profit rates in the US before the end ...

 Oct 8 2015 - Israeli forces arrests 40 Palestinians in West BankKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Forty Palestinians were arrested by the Israeli force during an operation in the West Bank, said a statement by the Palestinian prisoners club Thursday.According ...

 Oct 8 2015 - Syrian Army: Russian airstrikes reduced ISIL fighting capabilitiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Airstrikes by Russian warplanes reduced fighting capabilities of the so-called Islamic State in Iraq and Levant (ISIL) in Syria, the Syrian Armed Forces Commander ...

 Oct 8 2015 - Western, Russian intervention in Syria making matters worse - Arab LeagueKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Western and Russian intervention in Syria will not end the war and will not eliminate presence of the so-called Islamic State in Iraq and Levant (ISIL), said ...

 Oct 8 2015 - Kuwait- Light rain, dust for Thursday evening weather - forecastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Light rain and dust is expected for the weather Kuwait Thursday's evening, said a weather forecast official.Deputy head of Kuwait weather forecast department, ...

 Oct 8 2015 - Jewish settler stabbed in JerusalemKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Jewish man was stabbed Thursday in his upper body in Jerusalem in the third stabbing attack in just over 24 hours.Haaretz newspaper said on its website that a ...

 Oct 8 2015 - OPEC oil price up to USD 48.24 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The OPEC daily basket price went up Wednesday USD 2.16 and stood at USD 48.24 per barrel (pb) compared with USD 46.08 pb the previous day, the cartel said here on ...

 Oct 8 2015 - Kuwaiti seeks Costa Rica's support to get non-Permanent UNSC seatKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Kuwaiti Parliamentary friendship group sought Costa Rica's President Luis Guillermo Solis' support to help Kuwait obtain a non-permanent seat at the UN Security ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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