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Qatar's Al Meera Consumer Goods soars on new hypermarket

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Qatar: Due to the negative input from Asia and the U. S., where profit takings and Fed's hint to a possible end of Quantitative Easing weighed, the QE 20 Index lost 0.76% Thursday, closing at 8.734.56 points. Losses occurred in the financial sector Shares of Al Meera Consumer Goods Co. jumped 2.74 to reach QR149.90. Earlier in the day, Al Meera said hypermarket it opened the first Géant hyper market at Hyatt Plaza, Doha, last Sunday, Feb. 24. Al Meera said in an e-mailed statement "The opening of Géant hypermarket follows an agreement signed between Al Meera Consumer Goods Company and French retailer Casino to develop a network of hypermarkets and supermarkets under the Géant banners in selected Middle East countries." [AMEInfo.com]

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