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Qatar market jumps over seven percent on FIFA boss’ statement

The QE 20 Index closed 7. 58 per cent higher at 12,029.59 points on Sunday, December 17. Earlier last week on Friday, FIFA president Sepp Blatter said “only an earthquake” could prevent Qatar from hosting the world’s highest and most prestigious football tournament in 2022. The gas-rich Gulf state won the bid in 2010 and has since then been the target of criticism from abroad regarding conditions for expat workers and the bidding process.

Qatar National Bank closed flat at QAR210. Qatar Islamic Bank surged 9.91 per cent to hit QAR96.50.

Several shares hit the maximum price increase ceiling and gained 10 per cent, among the telecom giant Ooredoo, Barwa Real Estate, Qatar Fuel and Vodafone Qatar

Gérard Al-Fil