Qatari stock market bounces back

After falling to new 2012- lows last week, the Qatar Exchange 20 Index closed 0.31% higher at 8,276.62 Wednesday. Investors used the general relief at global markets after the Greek elections, which saw pro-Euro zone parties winning, and bought shares across the board. According to Deutsche Bank Research, “High Liquified Natural Gas (LNG) production should help maintain large fiscal and current account surpluses,” adding in its Qatar Frontier Country report published on June 15 that “the government will continue to follow an expansionary fiscal policy over the next years as it has significant investment needs for both the hydrocarbon and infrastructure sectors (…) GDP growth will slow down in 2012, but other factors mitigate. Qatar’s real GDP growth is expected at 7.1% year-on-year in 2012, respectable, but significantly lower than 20% year-on-year in 2011.”

Leave a Reply