Qatar bourse rises as S&P maintain's 'stable' outlook
- Qatar: Wednesday, February 13 - 2013 at 15:09
The Doha-based Qatar Exchange index advanced 0.55% Wednesday, closing at 8,824 straight, the highest level since April 5 2012. Banks in particular fueled the gauge's rise after Standard & Poor's has maintained its 'Stable' outlook on Qatar on the strength of the country's 'high levels of economic wealth and strong fiscal and external balance sheets,' Gulf Times has reported. S&P assigned AA/stable/A-1+; AA/stable/A-1+ ratings to Qatar and said the Gulf country was one of the wealthiest economies it rated, with GDP per capita estimated at $104,000 in 2012. Al Ahli Bank jumped 3.70%, finishing as a top gainer at QR56. Qatar German Medical fell the most, ending down three percent at QR12.90.
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