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Category: Industry

Gold Flirts with Record Highs ahead of US Data

Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the US election and expectations of more rate cuts by major central banks, while investors looked forward to a slew of US data for further direction.

Spot gol…

Oil Inches up after Surprise Drop in US Crude Stockpiles

Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in US crude stockpiles last week.

Brent crude futures rose 45 cents, or 0.6%, to $74.67 a barrel, while U…

Dollar Holds Near 11-Week High

The dollar held near an 11-week high while the Australian dollar rose on Thursday after employment numbers beat forecasts for a sixth straight month.

The dollar index was last steady at 103.47, having peaked at 103.60 in the previous session.

The A…

Financial Advisor to QNA: QSE Index at Its Highest Levels in 2024

Doha: The Qatar Stock Exchange (QSE) index ended this week’s trading with a 2.13 percent increase, gaining 224,130 points to stand at 10,733 points compared to last week.

Sector-wise, the weekly performance was positive for all sectors, with the tele…

QSE Index Loses 20.42 Points at Beginning of Thursday’s Trading

Doha: Qatar Stock Exchange (QSE) index lost 20.42 points, or 0.19 percent, at the beginning of Thursday’s trading session, dropping to 10,714 points compared to Wednesday’s closing, pressured by four sectors.

Qatar Stock Exchange attributed the decli…

US Stocks End Higher

US stocks ended higher at the end of the trading session on Wednesday.

The S and P 500 gained 27.07 points, or 0.47 percent, to end at 5,842.33 points, while the Nasdaq Composite gained 50.92 points, or 0.28 percent, to 18,366.51.

The Dow Jones Ind…

Ahli Bank’s Net Profit Increases by 5.17 Percent

Doha: Ahli Bank disclosed the interim financial statement for the nine-month period ending Sep. 30 , 2024.

The financial statements revealed a Net Profit of QR 647,150,486 compared to QR 615,318,126 for the same period of the previous year.

The Earn…

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