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Qatar market extends gains

The QE 20 Index surged by 3.26 per cent to reach 12,421.22 points on Monday, December 22.

Gulf Warehousing failed to follow the pack and lost 0.56 per cent to reach QAR53.

Earlier in the day, the logistics company announced in a filing to the market that its board of directors has suggested that a recommendation to increase the company’s capital through providing priority rights to the shareholders at a rate of 25 per cent of the current total capital issued be included in the agenda for the 2015 annual general meeting. This is equal to 11,890.244 shares at a rate of QAR 49 per share. It must be noted that the above mentioned rate is subject to the approval of the ministry of economy and commerce and the extraordinary general meeting and Qatar financial market authority (QFMA).

Gérard Al-Fil