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QSE breaches 10,000 mark, rises to fresh 16-month high

QSE breaches 10,000 mark, rises to fresh 16-month high


Buoyed by continuous rise in energy prices, the Qatar Stock Exchange (QSE) index breached the 10,000-point mark to reach a fresh 16-month high on Thursday. The QSE main index rose 31.79 points, or 0.32 percent, to close at 10,021.96 points. The rise was mainly triggered by a 1.3 percent gain in Mesaieed Petrochemical Holding Company (MPHC), which has risen in the past few days on the back of oil's climb near $80 a barrel. All the seven sector indices closed in the positive territory on the day that saw the bourse's liquidity decrease to QR185.76 million from QR289.16 million on Wednesday, while the trading volume went down to 5.31 million shares against 7.59 million in the previous session. --Satyendra Pathak

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