The impending FIFA World Cup is expected to lift Doha's overall private consumption expenditure by 1% this year in an optimistic scenario, according to the latest Qatar Economic Outlook (QEO).
The Qatar Stock Exchange Tuesday shrugged off the initial bearish overhang, due to apprehensions in the global market over the US interest rate hike indications, as it finally settled 25 points higher.
The Qatar Stock Exchange on Monday gained more than 35 points and its key index settled above 12,500 levels, mainly on the back of foreign institutions’ strong net buying interests.
The maiden offerings’ pipeline in the Gulf Co-operation Council (GCC) remains strong for corporate and sovereign assets, according to Kamco Invest, a leading regional economic think-tank.
The Qatar Stock Exchange opened the week on a weak note as its key index drifted down about 24 points despite robust demand at four out of the seven sectors.
Strengthening global oil prices, which hit a seven-year high due to geopolitical tensions, had its reflection in the Qatar Stock Exchange, whose key barometer had once crossed the 12,600 levels this week.
The Gulf and domestic institutions Thursday turned net buyers in an otherwise bearish Qatar Stock Exchange, which lost about 100 points.
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