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  • 18-10-18

    Qatar's QSE index sees 1.25 percent raise

    (MENAFN) Qatar's QSE benchmark index recorded a 1.25 percent boost to reach 10,157 points with technical resistance closing at 10,003-10,028 points, with the market registering a 19.17 percent year-to-date (YTD) surge.

    Industries Qatar also posted a 2.9 percent increase while QIB contributed with 1.79 percent by September this year.

    The bank also confirmed that profit of QIB to have witnessed a 13 percent jump to reach QR2 billion.

    Reuters reported: "higher close today would confirm break above technical resistance at 10,003-10,028 points, the peaks in August and September."

    The report noted that "this would trigger minor bullish triangle formed by highs and lows since August and pointing up to at least 10,230 points."

    It added "index will stay medium-term bullish while it holds support on uptrend line from late August, now at 9,805 points."

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