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Qatar Exchange rebounds as Doha's oil and gas revenues surg

 
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Kirk
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PostPosted: Sun Feb 19, 2012 7:09 pm    Post subject: Qatar Exchange rebounds as Doha's oil and gas revenues surg Reply with quote

The QE 20 Index advanced 0.92% to reach 8,623.10 points Sunday. Earlier in the day, Kuwait-based Global Investment House reported that based on Qatar's preliminary budget figures for 2010-11, "the Gulf state's oil and gas revenues witnessed a healthy 17% increase reaching QR96.8bn as compared to QR82.8bn in 2009-10 budget, bringing its share to total revenue to 62.1% as compared to 49.0% the previous year." Shares of Gulf International Services jumped 10%. Earlier in the day, the firm, which is specialised on oil and gas drilling and transportation services, announced its net profit for 2011 reached QR282.9m versus QR439m in 2010.

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