Doha bourse cracks 7,000 points barrier

01/06/2009 00:00 AST

The Doha Securities Market (DSM) reached a seventh-month high, although it closed with more declining shares (23) than gaining stocks. The lead index DSM20 advanced by 1.40%, closing at 7,078.17 points. According to EFG Hermes, the Central Bank of Qatar announced it would be providing a QR15bn buyout of the property investments of the Qatari banks. This triggered further gains of Qatar Islamic Bank (up 6.51%, top gainer of the day), Qatar National Bank (2.19% higher), Doha Bank (advancing by 3.02%) and Commercial Bank of Qatar (adding 1.18%).


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