The Qatar Exchange was in the green area Sunday adding 83.89 points or 1.03% to 8,206.91 points from the previous closing of 8,123.02. The volume of the shares traded was down to 4,596,018 from 5,939,416 on Thursday and the value of shares was fell to QR146,224,299.91 from QR166,371,149.19 Thursday. Among the top gainers were Comm. Bank of Qatar which was up 2.19% to QR69.90, Qatar Telecom rose 1.93% to QR105.50, Doha Bank gained 1.85% to QR55.00 and Islamic Insurance up by 1.81% to QR61.80. The Banking and Financial sector index was up by 23.54 points while Consumer Goods and Services sector index fell by 2.01 points. The industrial sector was added by 21.05 points while insurance sector gained 12.62 points.
WTI Falls a Fourth Day for Biggest Weekly Drop in a Month
West Texas Intermediate crude fell for a fourth day, extending the biggest weekly drop in more than a month, amid signs of rising U.S. fuel supplies and a global economic slowdown.
Guangdong Materials Group to issue RMB 600 million bills
Guangdong Materials Group Corp announced today that it plans to issue RMB 600 million worth of unsecured short-term notes with a maturity of 365 days on the interbank market from May 30.
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Auto steel demand in China to continue rising
The production and sales statistics is out of expectation since the beginning of this year, which is expected to continue rising. Therefore, auto steel demand has more room to grow as car ownership,