Qatar Exchange gains 0.87%

08 June 2010

A sigh of relief was heard in Doha today after the Qatar Exchange closed above the resistance line at 6,800 points. The QE Index ended at 6,820.56 points (up 0.87%) with Qatar Telecom posting the third highest advance, gaining 2.38% at QR154.50. Thirty shares added value, five times more than those which lost (six) and three remained flat. With a year-to-date loss of 1.95%, the QE is currently the best performing GCC stock market, ahead of Saudi Arabia (off 2.64%) and Kuwait (down 4.02%).

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