• HSBC

Qatar Exchange gains two percent over the week

  • Qatar: Thursday, September 02 - 2010 at 16:13

After the Tokyo bourse reached a 16-month high, gulf markets posted modest gains, as the QE Index in Doha ended 0.76% higher at 7,305.96 points. Positive market reports from Standard and Poor's and Credit Suisse have helped the QE Index to gain over two percent during the trading week of August/September. Qatar National Bank (QNB) advanced 0.40% too QR143.60. QNB has paved ways to become a shareholder in Bank Kesawan in Indonesia. The rights issue to buy in Bank Kesewan is scheduled to close in the first quarter 2011. EFG Hermes rates QNB 'neutral'.

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