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Qatar market misses bullish bandwagon
- Qatar: Monday, April 08 - 2013 at 16:13
The QE 20 Index failed to follow the bullish mood after the Bank of Japan stepped up its monthly bond purchases and fell 0.20% to 8,520.71 points. Gulf Drilling International ended down 1.66% to QR38.60. Earlier in the day, the firm said it inaugurated one of the most technologically advanced offshore drilling rigs to ever work in the State of Qatar. The inauguration ceremony took place at PPL's shipyard in Singapore and was attended by senior executives from Gulf Drilling International and Singaporean officials. The new drilling rig, named "Al Jassra", has been designed to the highest standards. It will be moved to Qatar and commence working in the Al Shaheen offshore field by mid-2013 pursuant to a contract that GDI has entered into with Maersk Oil Qatar.
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Gérard Al-Fil, Financial JournalistMonday, April 08 - 2013 at 16:13 UAE local time (GMT+4)
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