The QLM Life & Medical Insurance has been legally incorporated as a public shareholding firm and its shares are expected to start trading on the Qatar Stock Exchange (QSE) from January 6.
An across the board selling – particularly in the telecom, industrials and insurance counters – on Tuesday dragged the Qatar Stock Exchange more than 59 points but overall it settled a tad above 10,500 levels.
Foreign and Arab institutions were increasingly net buyers and the Gulf funds were seen bullish on the Qatar Stock Exchange, which otherwise settled in the negative Monday.
The Qatar Stock Exchange witnessed more than 55% of its traded constituents extend gains to investors this week which featured the global credit rating agency Fitch hint that Qatar may tap the debt market in 2022-25, pending North Field expansion ramp-up.
Gulf individuals’ increased net buying led the Qatar Stock Exchange (QSE) witness a positive run this week, which saw global credit rating agency Fitch expecting the normalisation of relations between Qatar and blockading countries to be credit positive for Doha.
The Islamic equities Wednesday witnessed strong buying interests in the Qatar Stock Exchange, which otherwise settled flat for the second consecutive day.
The Qatar Stock Exchange on Tuesday treaded a flat course to stay below 10,500 levels, despite buying interests in the telecom and consumer goods sectors.
The Qatar Stock Exchange (QSE) has termed the listing of QLM Medical and Life Insurance Company, expected by January first week, as an "important addition" that will give more depth to the market.
The Arab, foreign and Gulf individuals turned bullish on Sunday to lift the Qatar Stock Exchange more than 19 points; but overall it was below 10,500 levels.
The Qatar Stock Exchange saw more than 57% of the traded constituents extend gains to investors, yet it settled lower this week, which otherwise witnessed a deficit state budget for the fiscal 2021.