Mubasher: The Qatar Stock Exchange (QSE) started Sunday’s trading in the green, buoyed by news on the initial public offering (IPO) of Baladna in the first half of 2018.
Qatari company Baladna is creating a dairy industry in the desert to help the country to cope with a boycott by four Arab states.
By 10:15 am Qatar time, the general index grew 0.98% to 8,225.18 points, adding 98.32 points.
Turnover amounted to QAR 83.7 million after 5.5 million shares traded through 1,300 transactions.
The industrial sector topped the QSE’s gainers adding 1.60% after Qatar Industrial Manufacturing increased 4.04%.
Similarly, the banking sector rose 0.60% on the back of Qatar National Bank’s 1.49% hike, shrugging off Al Khalij Commercial Bank’s 1.56% drop.
Meanwhile, the insurance company was the only decliner losing 0.60% as Qatar Insurance decreased 0.81%.
Qatar First Bank, which soared 2.28%, spearheaded the QSE’s trading volume with 2.7 million shares, generating QAR 18.3 million.