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Posted On: 6 November 2008 09:21 am
Updated On: 12 November 2020 02:08 pm

Qatari stocks stage rally

Khalifa Al Haroon
Khalifa Al Haroon
Your friendly neighborhood Qatari
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Qatari stocks surged yesterday with analysts attributing the sudden jump to Barack Obama's win in the US presidential election. Stock markets worldwide reacted mostly positively to the outcome of the US presidential poll and Doha was no exception, financial analyst, Dr Nasser Al Shafi said. The 20-stock benchmark index of the Doha Securities Market closed 146.65 points higher at 7,477.28, showing a two-percent rise. A highlight of trading yesterday was that most of the listed shares showed gains. Al Shafi said he saw the market improving over the long term. "Obama has clear-cut political and economic policies and that's what has made the markets react positively to his win," said Al Shafi. The Pen