The Qatar Stock Exchange saw 50% of the traded constituents extend gains; yet it settled lower this week, which saw four of the five days in bearish mode.
The outlook for Qatar’s banking system remains stable as continued spending on the country’s infrastructure projects will drive modest economic growth and support lending ...
Strong selling – especially at the real estate, telecom and banking counters – on Sunday led the Qatar Stock Exchange to open the week weak and its key index retreated below 10,500 levels.
Qatar’s banking sector is undergoing broader changes, including a shift towards digital banking, which will likely see a reduction in branches and physical presence in the coming years, a new report has shown.
Qatar’s banking sector continues to benefit from the country’s economic expansion, solid fundamentals and relatively stable oil price, said QIIB chief executive officer Dr Abdulbasit Ahmad al-Shaibei.
Ahead of Eid holidays, the Qatar Stock Exchange on Monday gained more than 151 points to surpass 10,300 levels, mainly lifted by banking and transport equities.
The Qatar Stock Exchange on Sunday opened the week weak with a 105-point decline, mainly dragged by the banking and consumer goods sectors.
Qatar’s banking sector remains sound and the foreign liabilities that were withdrawn in the immediate aftermath of the “diplomatic rift” have been partially replaced with greater attention ...
The Qatar Stock Exchange witnessed more than 141 points erosion in the key index and more than QR11bn in capitalisation this week.
The Qatar Stock Exchange on Tuesday entered the third straight session of bearish spell on selling pressure, notably in banking, telecom and industrials counters, and its key index settled 46 points lower.