Qatar Stock Exchange on Tuesday vaulted 219 points to inch near the 9,900 mark, reflecting the trajectory of global oil price, which stood near eight-month high of more than $51 a barrel.
Qatar accounts for 8.57% of the total value of the pipeline of projects planned in the GCC (as of May), which amounted to $2tn, Meed has said in a report.
Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation's crude output by around half, with worries about an oversupplied market returning to the fore.
Oil prices rose on Tuesday as a strike in Kuwait cut huge amounts of crude out of the supply chain, but analysts said the disruption would be short-lived and that markets would soon refocus on a global supply glut.
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel.
Iran will not be sending any representative to a key oil summit in Doha aimed at negotiating a production freeze, Tehran's petroleum minister said on Sunday.
Iran's oil production has already surpassed 3.5 million barrels per day, the deputy oil minister said on Saturday, and the Islamic Republic is seeking to increase oil and gas exports in the coming month.
Qatar Stock Exchange on Wednesday fell 40 points to retreat below the 10,400 levels, mainly dragged by consumer goods and real estate stocks.
Major OPEC producers are privately starting to talk about a new oil price equilibrium of $50 a barrel, adding to signs that the market's long, deep rout is officially over, says one of the industry's leading prognosticators.
United Arab Emirates energy minister said on Monday that current oil prices will force many producers to freeze output and that a correction in prices would take time.
Oil prices extended gains in Asia Monday boosted by strong US jobs growth data as a cut in US drilling activities sparked hopes of an easing in the global supply glut.
Oil prices pushed higher Friday as strong US jobs growth data sparked hopes for improved demand in the world's largest crude consumer.
