QSE breaches 14,000 points; M-cap gains QR13bn ...Qatar

News by : (Gulf Times) -
The Qatar Stock Exchange on Thursday surpassed the psychological mark of 14,000 points, mainly on the back of strong buying in the banking and financial services sector. The domestic funds were seen bullish as the 20-stock Qatar Index gained more than 213 points or 1.54% to 14,089.47, although it touched an intraday high of 14,150 points, tracking the strong world oil prices. More than 55% of the traded constituents saw their shares appreciate in value in the market, whose year-to-date gains improved to 21.19%. The weakened net selling pressure of local retail investors had considerable influence in the bourse, whose capitalisation saw a 1.68% jump to QR789.65bn, mainly on the back of sma

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