The 2022 World Cup is expected to strengthen the economic momentum in Qatar, which has the strongest public finances in the Gulf region, according to Oxford Economics.
The Qatar Stock Exchange on Wednesday witnessed modest buying in Islamic equities and five of the seven sectors were under buying spotlight; yet it settled marginally down.
A healthy domestic projects pipeline helped lift sentiments on the Qatar Stock Exchange, which yesterday gained more than 133 points to inch near 10,400 levels.
Cash-rich Qatar should focus on later stage startups than early stage entities as the country has the potential to dominate in that area to become a de-facto hub for the Gulf tech, according to an global investment manager.
The Qatar Stock Exchange on Monday saw frenzied trading, especially in the transport sector; amidst overall buying interests in the Islamic equities and six of the seven sectors extended gains.
The Islamic stocks were seen in heavy demand on the Qatar Stock Exchange whose key barometer soared 183 points and capitalisation added more than QR12bn this week.
A robust growth in exports to Asian countries helped Qatar register about 10% month-on-month expansion in trade surplus to QR7.05bn in October this year, according to official statistics.
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