Qatar outperforms adds 64.03 points


(MENAFN- The Peninsula) Doha: Qatar";s stock market outperformed the Gulf yesterday as large-caps carried the index higher, but other bourses were little changed as a fresh slide in oil prices and a retreat in Asian share markets kept buyers away.

Qatar";s main index added 64.03 points, or 0.6 percent, when the bourse closed trading at 11,261.51 points yesterday, taking its gains over the past month to 5.4 percent. Qatar National Bank rose 1 percent and petrochemical producer Industries Qatar climbed 2.5 percent. Both stocks are on a provisional list of about 20 which index compiler FTSE has said may be included in its secondary emerging markets index. A final list of stocks to be included will be announced after the close on Wednesday.

Elsewhere, Dubai";s index edged up 0.1 percent, while the Abu Dhabi index edged down 0.1 percent, with the main drag from large-cap lenders.

Saudi Arabia";s index ended flat at 6,071 points as petrochemicals and banks were mixed and the Egyptian index edged down 0.3 percent.


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