QLM, which constituted more than 76% of the insurance sector's trade volume and about 6% of the overall trading volume, on Thursday continued its gain for the second day.
Having touched an intra-day high of QR4.045, its stocks closed at QR3.92, jumping 0.513% from the debut day's close of QR3.9. A total of 12.98mn QLM equities valued at QR50.59mn traded across 1,155 transactions. Sheikh Saoud bib Khalid bin Hamad al-Thani, QLM chairman, on Wednesday rang the customary bell to mark its advent in the QSE.
Also present were Qatar Insurance group chief executive Salem Khalaf al-Mannai, QSE chief executive Rashid bin Ali al-Mansoori, QSE listing director Abdulaziz al-Emadi and other dignitaries. "The QLM IPO represents the beginning of a new phase of development for our company. I am delighted at the positive response of the market on the first day of trading, which is a sign of investors’ trust in the company,” QLM chief executive Fahd Mohamed al-Suwaidi said.
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