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Global credit rating agency Moody's on Monday affirmed Industries Qatar's (IQ) 'A1' long-term issuer rating.
The Qatar Stock Exchange Monday rose 0.25% on the back of strong buying in the telecom, transport, industrials and consumer goods counters.
Higher extraction of natural gas and increased production of manufactured items as beverages and food products led Qatar's industrial production jump 6.7% on an annualised basis in April 2022, according to the official data.
The International Monetary Fund (IMF) has suggested a slew of measures such as deepening financial markets and containing balance sheet vulnerabilities, to enable Qatar follow a more independent monetary policy in the long run..
The cabinet nod to allow up to 100% foreign ownership in the listed companies substantially lifted the sentiments in the Qatar Stock Exchange, which Sunday gained more than 376 points in index and QR21bn in capitalisation.
Qatar's banks remain “well-capitalised and liquid” but “continued diligence in banking supervision is required to safeguard financial stability”, according to the International Monetary Fund (IMF).
Heightened global apprehensions over hardening inflation and interest rates had the ripple effect on the Qatar Stock Exchange, which saw plummet lose 809 points in key index and QR46bn in capitalisation this week.