The Qatar market index (QE 20) gained one per cent to reach 12,854.26 points on Sunday, May 4. Vodafone Qatar gained the most, edging up by 8.40 per cent to QAR18.20. Ezdan Holding recorded the biggest drop, closing 5.20 per cent lower at QAR28.25. Barwa Real Estate added 0.66 per cent to reach QAR38.40. Earlier in the day, the developer revealed that it will launch the second phase of the Barwa Al Baraha project. “The Package 2 contract is worth QAR691 million ($179.66m). All construction works will start immediately and will be completed within 17 months. During the course of the contract, the contractor will build the elements of Package 2, which comprise 32 buildings of G3 floors; each building will contain 130 rooms, as Package Two will accommodate 24,000 workers, in addition to constructing four dining halls, two play grounds, two mosques, as well as restaurants and utility shops.”
Sunday, May 4- 2014 @ 17:47 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.