Qatar's substantial fiscal headroom to absorb liquidity issues will buttress the insurance sector and the premiums are expected to rebound in 2021
The lifting of sentiments on the gradual easing of Covid-19 related restrictions had its reflection on the Qatar Stock Exchange, which saw the addition of 379 points in its key index and more than QR20bn in capitalisation.
Foreign institutions’ substantially stronger buying interests yesterday sustained the bullish run in the Qatar Stock Exchange for the fourth consecutive day.
Qatar’s trade surplus amounted to QR4.27bn in April this year amidst higher imports from China and the novel coronavirus Covid-19, according to the Planning and Statistics Authority (PSA).
Strong buying, particularly in the industrials, Wednesday gave a 146-point thrust to the Qatar Stock Exchange to place its key index above the 9,200 level.
Qatar's capital market needs short-term good quality Islamic money market products to help the banking sector strengthen the liquidity during the Covid-19 pandemic, according to a top official of the Qatar Financial Center
An across-the-board buying — particularly within industrials, transport and real estate counters — Tuesday lifted the Qatar Stock Exchange to place its key index near 9,100 levels.
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