DUBAI: The Qatari index ended 1.2 percent up, led by a 3.9 percent hike in Qatar National Bank and a 4.9 percent surge in Mesaieed Petrochemical. On Monday, Qatar said it plans to spend 1.9 percent more in 2020 than this year, its biggest budget in five fiscal years.
The QR210.5bn ($57.83bn) budget will go to complete infrastructure projects, including facilities for soccer’s 2022 World Cup. Also, Qatar’s 2020 budget statement did not mention introducing a value-added text.
