Qatari blue chips lift Doha market
Breaking a four-day losing streak, the Qatar market index (QE 20) fell by 0.55 per cent to 12,626.95 points on Wednesday, April 30. Developer Mazaya Qatar gained the most for the second day straight, closing 6.46 per cent higher at QAR21.08. Industries Qatar, the market’s bellwether with a weight of more than 22 per cent in the index, added 0.70 per cent to hit QAR178. Ezdan Holding lost the most (down by 9.93 per cent). Barwa Real Estate lost 3.85 per cent to QAR37.50. Earlier in the day, Barwa Real Estate revealed that, in the first quarter of 2014, it generated a net profit of QAR265.1 million ($71.57m) in comparison with QAR158.5m ($42.795m) for the corresponding period in 2013.