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Satyendra Pathak
Doha
Building on solid gains in November over the progress of COVID-19 vaccine candidates, Qatari shares started the month of December on strong note on Tuesday.
Investors worldwide are pinning their hopes on positive vaccine trial data, fuelling optimism about a faster than expected economic recovery.
The Qatar Stock Exchange (QSE) index gained 133.20 points, or 1.3 percent, to close at 10,395.30 points at the end of Tuesday’s trading.
Banking stocks lifted the main index higher with Qatar National Bank (QNB) and Qatar Islamic Bank (QIB) putting on 3.2 percent and about 2 percent respectively.
Five out of the seven sectors indices closed in the positive territory, while two sector indices closed in the red.
The All Share Banks and Financial Services Index, which gained 2.45 percent, was the best performing sector index for the day.
The real estate sector and the insurance sector also gained over 2 percent each to lift the main index higher.
The market capitalisation of the bourse increased over QR8 billion to QR598.572 billion on the day that saw two of the listed companies like Qatar German for Medical Devices and Inma Holding rising to the daily limit of 10 percent.
Share prices of companies like National Leasing, Qatar Aluminum Manufacturing Company, Qatar Oman for Investment and Dlala Holding rose more than 3 percent on the day that saw Qatari, GCC and foreign institutional investors remain bullish throughout the trading session.
Dlala Holding on Tuesday disclosed a resolution of the Appeals Committee of Qatar Financial Markets Authority (QFMA) to reduce the financial penalty on Dlala Brokerage, a subsidiary of Dlala Holding, from QR 7 million to be QR 1 million.
The volume of shares traded on the day decreased to 237 million from 424.28 million on Monday and the value of shares decreased to QR570.93 million from QR1.68 billion on Monday.
The QSE Total Return Index gained 1.30 percent to close at 19,984.62 points. The QSE Al Rayan Islamic Index increased 0.89 percent to close at 4,233.15 points. The QSE All Share Index up 1.44 percent to close at 3,194.78 points.
Meanwhile, oil prices, a key catalyst for the region’s financial markets, were broadly steady on Tuesday as investors awaited direction from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies after the producers postponed a formal meeting to decide whether to lift output from January.
The OPEC, Russia and other allies, a group known as OPEC+, delayed talks on next year’s output policy to Thursday from Tuesday, as the main players had yet to agree, according to sources quoted by news agencies.
Doha
Building on solid gains in November over the progress of COVID-19 vaccine candidates, Qatari shares started the month of December on strong note on Tuesday.
Investors worldwide are pinning their hopes on positive vaccine trial data, fuelling optimism about a faster than expected economic recovery.
The Qatar Stock Exchange (QSE) index gained 133.20 points, or 1.3 percent, to close at 10,395.30 points at the end of Tuesday’s trading.
Banking stocks lifted the main index higher with Qatar National Bank (QNB) and Qatar Islamic Bank (QIB) putting on 3.2 percent and about 2 percent respectively.
Five out of the seven sectors indices closed in the positive territory, while two sector indices closed in the red.
The All Share Banks and Financial Services Index, which gained 2.45 percent, was the best performing sector index for the day.
The real estate sector and the insurance sector also gained over 2 percent each to lift the main index higher.
The market capitalisation of the bourse increased over QR8 billion to QR598.572 billion on the day that saw two of the listed companies like Qatar German for Medical Devices and Inma Holding rising to the daily limit of 10 percent.
Share prices of companies like National Leasing, Qatar Aluminum Manufacturing Company, Qatar Oman for Investment and Dlala Holding rose more than 3 percent on the day that saw Qatari, GCC and foreign institutional investors remain bullish throughout the trading session.
Dlala Holding on Tuesday disclosed a resolution of the Appeals Committee of Qatar Financial Markets Authority (QFMA) to reduce the financial penalty on Dlala Brokerage, a subsidiary of Dlala Holding, from QR 7 million to be QR 1 million.
The volume of shares traded on the day decreased to 237 million from 424.28 million on Monday and the value of shares decreased to QR570.93 million from QR1.68 billion on Monday.
The QSE Total Return Index gained 1.30 percent to close at 19,984.62 points. The QSE Al Rayan Islamic Index increased 0.89 percent to close at 4,233.15 points. The QSE All Share Index up 1.44 percent to close at 3,194.78 points.
Meanwhile, oil prices, a key catalyst for the region’s financial markets, were broadly steady on Tuesday as investors awaited direction from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies after the producers postponed a formal meeting to decide whether to lift output from January.
The OPEC, Russia and other allies, a group known as OPEC+, delayed talks on next year’s output policy to Thursday from Tuesday, as the main players had yet to agree, according to sources quoted by news agencies.
