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MENAFN - The Peninsula - 29/03/2010

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(MENAFN - The Peninsula) It was a day of retail investors on the Qatari bourse yesterday as both local and foreign investors provided some net buying support which pushed the stocks up.

The 20-share main benchmark index of Qatar Exchange (QE) jumped 51 points to 7,465 as some 21 of the 44 listed stocks ended higher at the close of trading.

The market capitalisation of the bourse continues to be over QR400bn and with the index gain yesterday it went up marginally to QR402.61bn. The index rise was despite the fact that Qatari and foreign institutional investors preferred to book profit ahead of the close of the first quarter (Q1).

Aamal Holding led yesterday's surge with a five percent increase followed by United Development Company (UDC), Zad Holding and National Leasing Company.

Doha Insurance, Qatar-Oman and Gulf Warehousing were among the 16 stocks that lost. Five shares remained unchanged.

 






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