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October 13, 2020 LNG producer- Hamilton consumer warns he will collaboration keep racing crucial: until he turns Minister grey Business | 01 Sport | 11 TUESDAY 13 OCTOBER 2020 26 SAFAR - 1442 VOLUME 25 NUMBER 8409 www.thepeninsula.qa 2 RIYALS Watch Disney+ Streaming App Originals as a gift Terms & Conditions Apply Stock market surges 21% since March SACHIN KUMAR QR597bn yesterday, registering to support equity market. The THE PENINSULA a growth of 31 percent. low prices in March-April also The QE Index closed yes- created investment opportu- Shrugging off the impact of terday at 10,056, clocking a nities for investors. After real- COVID-19 outbreak, Qatar robust growth of 21 percent since ising the effect of COVID-19 on Stock Exchange (QE) Index has its closing on March 9. Qatar’s economy was less than antici- surged over 20 percent since stock market has surpassed other pated, the investors started March 9. The stock market has regional stock markets. Abu pouring money into shared outperformed other regional Dhabi’s General Index has reg- again,” Ahmed Akl, Doha based markets in terms of growth, istered 12 percent growth, as it financial analyst told The reflecting resilience of Qatar’s moved from 4039 on March 9 to Peninsula. stock market. 4532 points yesterday, while “During COVID-19, com- The QE Index had closed at Dubai Financial Market General panies’ performance was com- 8,310, its lowest closing level of Index has around 7.5 percent paratively better than corporate the year, on March 9, as during the same period. Oman’s in other countries. The corporate investors sentiments were hurt MSM 30 Index has registered a earnings in Qatar declined by rising COVID-19 cases and fall of around 4.9 percent during around 20 percent in the first falling oil prices. Helped by sup- the same period. half of the year, which is com- portive policies by the gov- “Shares had fallen to multi- paratively less than corporate ernment and other stake- year low in March and April due earnings in other countries. holders, the stock market has to COVID-19 outbreak and Qatar was also assigned stable grown stronger since March falling oil prices. Investors were ratings by global rating agencies, Global Education Monitoring Report launched and breached 10,000 level this taken aback by the pandemic even in these difficult times, Minister of Education and Higher Education H E Dr. Mohammed bin Abdulwahed Al Hammadi during month. QSE’s market capitali- but gradually their confidence which has increased investors’ `P3 sation has also risen from was restored after the gov- confidence in Qatari market and the launch of the 2020 Global Education Monitoring Report remotely yesterday. QR455bn on March 9 to ernment announced measures economy,” Akl added. The government had announced QR10bn support for Qatar’s capital market in March, Doha nominated at WTA for top business 21% 31% 8,310 which boosted the confidence Rise in Qatar Rise in market Points at of market. travel and sports tourism destination Stock Exchange capitalisation closing of “Going forward, the third since March 9 since March 9 QSE on March 9 quarter results will determine the RAYNALD C RIVERA Leading them is the coun- The St. Regis Doha has four course of action for stock market. THE PENINSULA try’s flag carrier Qatar Airways nominations including leading Technically speaking, 9950- which is nominated in various business and conference hotel, 10,056 QR597bn 10000 level is an important Doha has been nominated in categories including leading leading business hotel, leading Points at closing value of market capitalisation at the support level for the market, if it both leading business travel airline to the Middle East, conference hotel, leading is not breached then we can see destination and sports tourism leading airline to the Indian luxury business hotel, while W of QSE yesterday end of trading yesterday market moving up to 10200 destination categories at the Ocean, Leading cultural airline, Doha Hotel and Residences has -10400 range,” said Akl. prestigious World Travel leading airline in customer been nominated for leading Global rating agency Awards (WTA) 2020. experience, and leading excel- hotel residences and leading QR455bn Moody’s had affirmed Qatar’s A number of companies in lence inflight service. It is also lifestyle hotel. Value of market long-term issuer and foreign Qatar’s travel, tourism and hos- nominated in more award cat- La Cigale Hotel is nomi- capitalisation on currency senior unsecured pitality sectors have also been egories including first class, nated for leading hotel dining March 9 debt ratings at Aa3 and main- nominated in different cate- economy class, inflight enter- and entertainment experience tained stable outlook in Sep- gories of the awards which tainment, cabin crew, app, while Royal Villa at Sharq tember this year. The S&P cover a broad spectrum website and rewards Village and Spa is nominated Global Ratings had also including aviation, tourist programme. for leading hotel villa. affirmed its ‘AA-/a-1+’ long and attractions, hotels and resorts, Qatar National Convention Winners of various cate- short term foreign and local meetings and events, travel Centre is nominated for leading gories of the awards are deter- currency sovereign credit agencies, tour operators and meetings and conference centre mined though online voting by ratings on Qatar and main- travel technology, among while Aspire Academy for travel industry professionals and tained stable outlook. others. leading sports academy. consumers worldwide. `P5 Panel set up to address traffic accidents’ issue in Sealine area QU’s IIP Office facilitated SIDI MOHAMED Traffic Section, and the focus has and hiding vehicle’s number “The security patrols will be THE PENINSULA been on Sealine, because it is plates among others that deployed to serve the campers, 39 patents, says official among the places where large endanger the lives of people provide assistance and punish QNA — DOHA companies soon. A special committee has been number of vehicles and people and the property of road users. those who violate the law,” he These successes reflect the constituted to address the are present during the camping Speaking to Qatar Radio said. Innovation & Intellectual QU’s keenness to translate and serious issue of traffic accidents season. As well reckless dune yesterday about ‘safety require- Colonel Odaiba also Property Office (IIP Office) at empower its affiliates’ ideas in the Sealine area. The bashing is practised in the area,” ments in the camping season’, reminded people that the Qatari Qatar University (QU) has facil- and provide the appropriate committee will start its work said Colonel Jaber Mohamed he referred to the efforts and law bans taking pictures of itated 39 patents for several climate to develop them into from the beginning of the Rashid Odaiba, Assistant preparations made by the accidents for a number of con- university employees. The IIP initiatives, products, and pio- winter camping season, said a Director of the Media and Traffic General Directorate of Traffic siderations, including taking is studying seven patents to neering projects that serve senior official at the Ministry of Awareness Department. to achieve traffic safety for the into account the people who convert them into startup national priorities and achieve Interior (MoI). According to the Depart- campers. were in the accident them- companies that serve the the maximum possible local The main cause of traffic ment’s statistics for 2018, the Odaiba said that some youth selves, as well as taking into national economy. and global benefit. accidents in Sealine area is Sealine area was at fifth place indulge in wrong behaviours account the feelings of their Established in 2017, the IIP The interest in innovation reckless dune bashing. “The new in the list of areas witnessing during the camping season, relatives. is responsible for managing and technology transfer is an committee is headed by Colonel traffic deaths. such as over-speeding, reckless “Any violator of the law will innovation files and technology accurate translation of Qatar Sheikh Mohamed bin Jassim Al Major traffic violations driving, and other activities that expose themselves to pun- transfer, encouraging inno- University’s Strategic Plan Thani, Director of the Southern include reckless driving, drifting disturb the campers. ishment, especially if the vators, supporting and facili- 2018-2022. The plan includes accident resulted in death or tating the registration of intel- six key goals and seven key serious injuries. We do not want lectual property rights in coop- strategies; Digital Transfor- such incidents to be seen by the eration with the concerned mation Strategy and an Entre- parents of deceased because it authorities such as the Ministry preneurship and Innovation causes great pain and some- of Commerce and Industry, Strategy in line with Qatar’s times even psychological Qatar Foundation, and others. keenness to achieve its national trauma for the families of these It also promotes awareness of vision of a knowledge-based people,” he added. ownership within the uni- economy. He also explained that the versity and the Qatari society Dr. Al Jabri said this Department will intensify traffic and building a database of all approach had received signif- patrols at the winter camping records related to intellectual icant attention from the Board sites, organising awareness and property in the university. of Trustees of Qatar University educational visits to the camps, In an interview with Qatar headed by Deputy Amir H H noting to the importance of News Agency (QNA), Director Sheikh Abdullah bin Hamad Al awareness messages that are of IIP Office Dr. Hareb Al Jabri Thani. This was translated delivered to the campers. said that the number of patent through the formation of a Earlier, the General Direc- files currently managed by the higher committee at the uni- torate of Traffic has taken a office is 163.
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