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Qatar Exchange regains territory, ends at 7,799

03 November 2010

After declining three consecutive days, the Qatari bourse QE closed 0.42% Wednesday, ending at 7,799.24 points. The country's largest lender Qatar National bank (QNB) added 0.85% to finish at QR166.40. "Qatar's economy remains extremely favourable, as per IMF estimates, the Qatar GDP is expected to grow 16.0% in 2010 to reach QR294.8bn driven by the expansion in natural gas production", Kuwait's Global Investment House says.

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