Qatar market leads GCC advances

13 June 2010

Doha's Qatar Exchange (QE) continued its rebound from last week and posted the largest GGC advance om Sunday, closing 0.98% higher at 6,920.48 points. As in the UAE, real estate shares in particular gained territory. United Development Company (UDC), developer of The Pearl Qatar, added 1.69%, ending at QR 24.20. Most of the banks also started positively into the week. Doha Bank advanced 0.91% and closed 0.91% higher at QR44.50. Trading volumes rose by over 20% but remained relatively low with some 7.09m stocks changing hands in Doha.

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