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Qatar market resumes trading, cracks 8,400-resistance

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Qatar: Following Qatar's National Day, the Doha-based market resumed trading Wednesday, closing 0.67% higher at 8,407.10 points. Heavyweight shares Industries Qatar and Qatar National Bank gained 1.10% and 0.10%, respectively. Year-to-date, the QE 20 Index fell by 4.17% as Qatar's real GDP growth fell to 9% in 2012 from 12.9% last year according to the IMF as a bulk of investments in the gas industry were finalised in 2011 and gas production is currently at its maximum. Regarding the outlook for 2013, the IMF expects another 9% growth of the country's real GDP. [AMEInfo.com]

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