DOHA: Qatar Exchange witnessed a correction yesterday after days of slowdown. The main 20-stock index of the bourse surged 58 points to 6,824.70 with 34 of the 42 listed entities showing gains. The index gained despite the fact that foreign institutional investors continued to be on a selling spree. There was, though, some net buying support from foreign retails investors as well as Qatari institutions and small investors. Major advancers at the close of trading yesterday were Gulf Insurance, Properties Real Estate, Qatar Cinema, Qatar Fuel (Woqod) and Qatar Islamic Insurance. Barely two stocks lost while three remained unchanged.

In the occasion of celebrating its golden jubilee, PropertiesReal Estate Company organized two campaigns to boost the principle of preserving the environment. The first one was to clean the beaches of Al-Wakra in collaboration with the ministry of environment, and planting fifty trees in the Bida’a Park. Properties employees took part in the event alongside a group of volunteers from Qatar Center for voluntary activities. The Event was named “protecting the environment is on the top of our priorities. Properties Public Relation Manager Hassan Al-Sa’i, said: “We are planning in the future to uplift our social services activities to a higher level as means of enhancing the company’s role in serving the community in collaboration with various official and state departments. He pointed that these campaigns were not the first and won’t be the last, the company is about to carry out such campaigns on a regular basis to as a part of the efforts aimed to preserve the environment.

Property listing & brokerage, representing buyers, sellers, and developers.

Doha: Properties Real Estate Company disclosed a rise in its financial results for the nine months ended on 30 September 2010. Operational revenues (most of them rents-generated) increased to QR319.9m, and net profit amounted to QR172.1m. Shareholders’ equities rose to QR27.456bn in the nine-month period compared to QR27.214bn as of Decemebr 31, 2009. Ezdan assets soared in the same period to QR31.441bn. Real estate investment volume rose to QR11.211bn.