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Qatar market rebounds ahead of earnings season

The Doha-based Qatar Exchange 20 Index advanced by 0.39 per cent to reach 12,382.21 points on Monday, July 7.

The market’s bellwether Industries Qatar gained 0.86 per cent, while the biggest lender Qatar National Bank slipped 1.10 per cent. A number of firms announced the dates for earnings releases. Ezdan Holding Group and Qatar Industrial Manufacturing will release their half-year results on July 22. United Development Company, the builder of man-made Pearl Qatar island, and Qatar Islamic Insurance will publish on July 23.

Gérard Al-Fil