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Qatar tribune
Satyendra Pathak Doha Qatar’s stock market outperformed most of the GCC markets by remaining positive on Wednesday amid US-China tensions over House Speaker Nancy Pelosi’s visit to Taiwan and investors booking profits from a recent rally.The general index of the Qatar Stock Exchange (QSE) recorded an increase of 83.88 points, or 0.63 percent, to reach 13,386.21 points on Wednesday.During Wednesday’s session, 318.164 million shares were traded, with a value of QR850.021 million as a result of implementing 22,073 deals in all sectors.During the session, shares of 33 companies rose, while the prices of 10 companies decreased, and two companies maintained their previous closing price.At the end of the trading session, the market capitalisation of QSE reached QR740.472 billion compared to the last trading session, which amounted to QR735.874 billion.“The Qatari stock market recorded some volatility with traders securing their gains on one side while natural gas prices returned to the upside on the other. The main index could maintain a positive profile if natural gas prices stay high,” MENA BDSwiss CEO Daniel Takieddine said.The day saw the country’s leading telecom operator Ooredoo announce that Ooredoo International Finance Limited (OIFL), its wholly-owned subsidiary, will pay its Global Medium Term Note (GMTN) holders interest payment on August 22, 2022.According to a statement issued by the company, Ooredoo International Finance Limited (OIFL), which is wholly owned by Ooredoo, will pay noteholders $16.250 million on the interest payment date falling due on August 22, 2022.The announcement indicated that the company will pay the accrued interest of 3.25 percent on the mentioned date to the bondholders amounting to $1 billion guaranteed and due on February 21, 2023.Meanwhile, GCC stock markets moved mostly in the negative territory while investors continued to secure their gains. Markets in the region could see some additional selling pressures in the coming days before stabilising.
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