Qatar Exchange reverses gains from last week, dips 1.61%

by admin on July 6, 2009

Trading in Doha remained very thin, with just 6.37m shares changing hands. The Qatar Exchange (QE) closed 1.61% lower at 6,370.11 points. Al Ahli Bank's advanced from last week were wiped out completely. The stock plummeted 5.92% down to QR44.30. Qatar Insurance bucked the negative mood, gaining 7.28% at QR64.50. According to the IMF Qatar will post the highest GDP growth (estimated to be up by 18%) in 2009 in GCC.

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