Doha: Qatar Exchange was slightly down yesterday by 0.13 points to 8,570.30 points from the previous closing of 8,570.43. Among the top losers were Qatar Insurance whose share dropped 1.16 percent to QR68, Doha Bank lost 0.92 percent to QR54, Islamic Holding fell 0.93 percent to QR37.20 and Qatar General Insurance was down 1.80 percent to QR49. The banking and financial sector added 0.12 points, the insurance sector dropped 14.19 points, the industrial sector was down 2.03 points and the services sector lost 23.50 points.
GPCA forum’s keynote speaker
Doha: The 7th Annual GPCA Forum, presented by The Gulf Petrochemicals and Chemicals Association (GPCA) will take place at the Madinat Jumeirah, Dubai, from November 27-29. The theme of the Forum is “Sustaining competitiveness in a rapidly changing world”. The keynote speaker at the forum will be Professor Choon Fong Shih, President of the King Abdullah University of Science & Technology (KAUST) in Saudi Arabia. Professor Choon’s address will focus on: ‘Growing Innovation and Building Capacity for Global Competitiveness – a KAUST Perspective’ Professor Shih is ideally placed to discuss the role of universities and academic research in furthering technical innovation and building capability in the region to maintain a competitive global position.
Brent falls by $3
LONDON: Oil fell sharply yesterday, cutting some of the steep gains seen this week, as investors turned their focus to growth problems confronting the US and European economies after the re-election of President Barack Obama. Worries about the European economy and negotiations in the United States to avert a looming fiscal cliff, which would lead to nearly $600bn in spending cuts, have now returned to the foreground. A US EIA report showing a rise in crude oil, petrol and distillate inventories in the US last week also weighed on prices. Brent futures were down $3.20 at $107.87 per barrel by 1645 GMT. US crude fell $3.47 to $85.24 per barrel.
Agencies
