Sunday 22, June 2008 by Mike Gallagher
Doha and the DFM bounce back as Ajman Bank IPOs
Qatar rebounded strongly on Sunday after a less than pleasant end to the week, when it lost 1.62 per cent. The DSM surged ahead by 1.48 per cent to 12,268.16, led by gains of 5.98 per cent from Islamic Financial Securities Company at QR 74.4 and Qatar Electricity and Water Company, which was up by 5.72 per cent at QR 149.70. Gulf International Services was up by 5.13 per cent at QR 47.10. Only four stocks traded down on Sunday at the DSM, the worst performer there being Qatar Technical Inspection Company, off by 2.59 per cent at QR 41.4 as 33 stocks rose to help the DSM regain ground it had been losing steadily since last Monday.
