No let-up in the buying spree at Qatar bourse

08 December 2010

Qatar’s main index QE (up 1.78% at 8,779.49) extended its rally on Wednesday, lifting the year-on-date gain to 26.16%. Investors are still bullish on banks, as Qatar Islamic Bank became the latest candidate touching a new 2010 high (up 2.17% at QR84.80). But not all shares add value during this week’s rally,, e. g. Electricity and Water weakened 0.39% to close at QR127 as the share is on its way to top an all-time high at QR154.80 from August 2008.

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