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QLM shares soar 24% on QSE debut

QLM shares soar 24% on QSE debut

The shares of QLM Life & Medical Insurance (QLM), which was listed on Qatar Stock Exchange (QSE) with code ‘QLMI’ in the insurance sector on Wednesday, have jumped 24 percent on the first day of trading. The QLM shares were in high demand as the share price continuously increased throughout the trading session, reaching its daily high at QR3.967 per share before closing at QR3.9 per share. The share price increase of almost 24 percent compared to the IPO price of QR3.15 represents a remarkable first-day trading performance. The share price increase was supported by strong liquidity in the share as 38.6 million shares exchanged hands with a trading value of QR141.786 million.
Satyendra Pathak