DOHA: Qatari stocks continue with the gains they made last month after having witnessed a 4.79 percent slump in 2012 that was mainly fuelled by mounting selling pressure.
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Investors on the local equity market have become richer by almost QR17bn ($4.65bn) since the dawn of the current year.
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With bank deposit rates remaining at disappointingly low levels and the stocks showing some improvement, analysts expect increased liquidity flow into equities until at least the real estate sector begins re-attracting investments in a big way.
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Land and property prices continue to be high and investors are said to be waiting for a slew of mega projects to be launched to go on a buying spree again, say analysts.
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Qatar Exchange’s main 20-share index that gained 4.38 percent last month, reversing the downslide of 2012, surged over 410 points higher to 8, 769.20 at the close of trading yesterday.
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Read more: http://thepeninsulaqatar.com/qatar-business/224860-investors-richer-by-qr17bn-on-qe-this-year.html
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