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In a Sign of Confidence in QSE, Foreign Investment
Portfolios Open More Than Fifty Trading Accounts
July 31, 2017
In a sign of confirmation and confidence in Qatar Stock Exchange
(QSE), more than 50 foreign investment portfolios have opened
new trading accounts in just one week.
Mr. Rashid bin Ali Al-Mansoori, CEO Qatar Stock Exchange, said: "This approach by the foreign investment
portfolios reflects the strength of the Qatari economy and the
strong confidence of those portfolios on QSE and the listed
companies.
Mr. Al-Mansouri pointed out that despite the blockade imposed on
Qatar by a number of neighboring countries for almost two
months, Qatar Stock Exchange has been holding up to achieve
positive results contrary to what such countries wanted. He
noted that the Qatar Stock Exchange index since the second day
of the blockade until trading close on Thursday, the benchmark
index rose 4% to 9563 points compared to 9202 points and the
market value of listed companies' shares rose from about QR 493
billion to about QR 517 billion.
Mr. Al-Mansouri added that the average daily trading volume
since the beginning of the crisis has so far increased by about
20 % to reach about QR 300 million compared to about QR 250
million per day, while the Qatari Stock Exchange has attracted a
wide range of investors including individuals and foreigners.
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