Santhosh V. Perumal

The Qatar Stock Exchange (QSE) continued to remain on a bullish trajectory for the second day yesterday as it crossed the 11,600 points, reflecting the cabinet nod for a higher up to 100% foreign ownership in four local banks.

New vehicle registrations in Qatar witnessed a healthy double digit year-on-year growth on the back of robust demand, mainly for private vehicles and motorcycles, according to official statistics.

The Qatar Stock Exchange on Wednesday showed resiliency with its index gaining more than 166 points, mainly on the back of strong buying in the banking and real estate counters.

Qatar's Hamad, Doha and Al Ruwais ports have registered modest growth month-on-month in container and building materials handling amidst a marginal jump in ships arrivals this November, according to the official data.

Qatar's hydrocarbons sector and certain manufacturing businesses such as basic chemicals and refined petroleum products faced significant price pressure this October, as the country's producers' price index (PPI) soared 103% year-on-year, according to the official estimates.

The Qatar Stock Exchange on Tuesday fell below 11,400 points, reflecting the global apprehensions over the efficacy of vaccines against the Omicron variant of Covid-19.

The Qatar Stock Exchange on Monday witnessed more than 78% of the traded constituents make gains, a day after it lost more than 300 points on reports of Omicron variant of Covid-19, as investors discounted apprehensions.

The Qatar Stock Exchange on Sunday plummeted more than 300 points to settle below 11,500 points, mirroring the weak global sentiments owing to Omicron variant of the Covid-19.