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QE Index breaks record and Qatar equity market hits all-time high.

QE Index today set a new all-time high, closing at 12939.8, vs. the previous high closing price of 12892.76 recorded 20th September 2005.

The index has recorded 24.67 per cent already this year (30.11 per cent with dividends reinvested) making it the 2nd best index performer globally YTD according to data by Bloomberg.

A 12 month streak has seen the index return 53.27 per cent, whilst it has trebled in value since lows in March 2009.

Returns of this level extend to the All Share Index also which includes a wider 40 stocks - the benchmark returned 54.8 per cent in the last 12 months with dividends reinvested.

Over half of QSE's listed companies have returned beyond 20 per cent this year, with seven companies' share price performance reaching between 50 per cent and 150 per cent. Top performers this year include Ezdan, Mazaya, Gulf International , Vodafone and Masraf Al Rayan.

Rashid Al Mansoori, CEO, Qatar Stock Exchange, commented, "we're delighted to see the market break new highs - it's testament to the strength and organization of listed companies, and to all stakeholders involved in developing the market here in Qatar. There's huge amount of positive sentiment surrounding the market, volumes have doubled and we hope it's set to be a bumper year for the equity market. Positive earnings results, the MSCI reclassification, market reforms and the launch of new products underpin the incredible stock market performance in the last 12 months."

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Publication:CPI Financial
Date:Apr 23, 2014
Words:260
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