CAIRO: The Qatari index soared to its highest level since January 5, rising 57.54 points or 0.65 percent, to 8,848.27 points. It was the seventh consecutive advance and has seen the index rise 0.76 percent from the beginning of this year. The volume of shares traded was down to 9,874,282 from 11,381,884 Thursday and the value of shares decreased to QR 291,975,164.35 from QR 322,439,039.30 on Thursday. The financial sector hit 2082.45 points while Qatar industrial sector reach 2505.67 points and the services sector closed 4228.19 points. Top gainer in today's session was United Dev. Company which was up 0.36 percent to QR 19.53, Barwa rose 1.07 percent to QR 28.40, and Rayan gained 0.18 percent to QR 27.60. Qatar National Bank climbed 1.4 percent, Industries Qatar rose one percent and Qatar Gas Transport added 1.1 percent. Ahmed al–Hassan, an analyst at a Brokerage firm, told Bikyamasr.com that markets will be sideways for some time now and it is a good time to accumulate due to less volatility. He also said that the market may take at any time, even before further earnings, which “would give strong confidence to the equity market.” The Qatari exchange also launched two new indices on Sunday, the Total Return Index and All Share Index. BM ShortURL: http://goo.gl/AQ5Xw Tags: Economy, Gains, Qatar, Stocks Section: Business, Latest News, Qatar
