Poor visibility Sunday night, warns Met 150 people referred to prosecution for not wearing masks Freight ship sinks off Turkey's Black Sea coast, two dead Kremlin critic Navalny takes off on plane to Russia despite arrest threat More people to access the Covid-19 vaccine as priority group age threshold lowered Quake death toll at 73 as Indonesia struggles with string of disasters MoPH reports 188 new cases, 246 recoveries

QLM shares extend rally to second day

Thursday، 14 January 2021 06:58 PM

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.

Add Comment

There are no comments.