Qatar market dips amid lackluster trading | Qatar market dips amid lackluster trading -
doha-construction-qatar

Qatar market dips amid lackluster trading

: Thursday, August 07 - 2014 @ 17:16

The QE 20 Index in Doha ended off 0.21 per cent at 13,076.33 points on Thursday, Aug. 7.

On Wednesday, Qatar’s Emir Tamim bin Hamad Al Thani has approved a law allowing foreigners to own UP TO 49 per cent of shares in companies listed on the Qatar stock exchange.

Until now, foreigners could only acquire up to 25 per cent of Qatari companies. Under the new regulation, however, foreign investors will also be able to become majority shareholders if the Ministry of Finance gives them permission.

Following Saudi Arabia’s decision in July to open its $550 billion valued bourse to foreigners, the GCC is on course to become a real hub for global investors.

The shares of Qatar National Bank gained consequently 1.90 per cent to reach QAR181.40.

Industries Qatar dived 2.53 per cent to QAR169.60.

Gérard Al-Fil

Today's Top Stories

Posted by

Thursday, August 7- 2014 @ 17:16 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs