The Qatar Stock Exchange Sunday opened the week with a more than 16 points gain, mainly on the bullish outlook of the foreign funds.
The Gulf economies are expected to grow by 2.1% this year, after a 5% contraction in 2020, supported by preparation for various regional events, such as Expo in the UAE and World Cup 2022 in Qatar, according to the Institute of Chartered Accountants of England and Wales (ICAEW).
Qatari banks continue to exhibit the highest average ROE or return on equity of 11.6% in the first quarter (Q1) of this year, higher than the Gulf average, according to Kamco Invest.
The Group Securities and QNB Financial Services were seen dominating the brokerage business as they together contributed more than 68% of the total trade turnover on the Qatar Stock Exchange in the first five months of this year, according to the bourse's data.
The Qatar Stock Exchange Thursday entered the second straight session of bullish run and its key index crossed the 10,700 levels, mainly lifted by the banking, consumer goods and industrials equities.
The Qatar-UK economic and trade relations, which have a promising potential to grow, should go beyond London across England, Scotland, Wales and Northern Ireland, according to Yousef Ali al-Khater, Qatar’s envoy to the UK.
More than 4,000 customers have applied online under the national response guarantee programme being administered by the Qatar Development Bank (QDB), which has so far allocated guarantees QR3.2bn to local banks, according to a top official of the QDB.
Qatar has witnessed a strong 28.4% year-on-year growth in the total number of building permits issued this May, mainly paced by a strong double-digit growth in permits issued in Al Rayyan, Doha, Al Wakra and Al Daayen municipalities, amidst additional Covid-19 related restrictions, according to the
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