Quotes: US 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 24 2014 - Qatar- Aljazeera to mark 300 days since arrests of journalistsThe Peninsula
(MENAFN - The Peninsula)   Aljazeera will be airing a special 300 second montage live on TV and online today to mark the 300 days since the arrest of its journalists Baher Mohamed, Mohamed Fahmy and ...

 Oct 24 2014 - Qatari, Iranian firms sign agreementThe Peninsula
(MENAFN - The Peninsula)  Qatar's Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday visited the Islamic Republic of Iran, accompanied by a delegation that ...

 Oct 24 2014 - Ecuador invites Qatari investors in key sectorsThe Peninsula
(MENAFN - The Peninsula)  The visiting President of the Republic of Ecuador, Rafael Correa Delgado, invited Qatari businessmen to invest in some of the promising sectors of the Ecuadorean economy, ...

 Oct 24 2014 - Qatar- Interior Ministry signs deal worth QR329m at MilipolThe Peninsula
(MENAFN - The Peninsula)  The total number of people who visited the recently concluded Milipol Qatar exhibition reached 6,583 persons from 63 countries, according to a press statement.Brig Nasser ...

 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

 Oct 24 2014 - Saudi- Lifebuoy bowlers strike double in Mobily CupArab News
(MENAFN - Arab News) Lifebuoy bowling team made an impressive start to the Thursday League 12th Conference for Mobily Cup winning a Team of the Week and Bowler of the Week double at the Bowling City ...

 Oct 24 2014 - Saudi- Alaska Aces trump Purefoods 93-73Arab News
(MENAFN - Arab News) MANILA: Everything was going well for debuting reigning Grand Slam champion Purefoods on Wednesday night until the Star Hotshots known last season as the San Mig Coffee Mixers ...

 Oct 24 2014 - Malaysia charges 3 with supporting ISArab News
(MENAFN - Arab News) KUALA LUMPUR: A Malaysian court on Thursday charged three men with supporting the Islamic State (IS) after they were arrested while attempting to leave the country to join the ...

 Oct 24 2014 - Corruption 'paralyzes' Ukraine: PoroshenkoArab News
(MENAFN - Arab News) ODESSA Ukraine: Corruption is 'paralysing' Ukraine's economy President Petro Poroshenko said Thursday on a pre-election visit to the country's most important sea port.Poroshenko ...

 Oct 24 2014 - New Swedish govt steps up spendingArab News
(MENAFN - Arab News) STOCKHOLM: Sweden's new left-wing government presented Thursday its 2015 budget with the Nordic country's largest deficit in nearly two decades as it seeks to boost employment ...

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