STAR 50 Index rose 1.5%; Huahong Hongli led index constituents, rallying more than 10%.

Shengquan Group will raise prices on its PPO, PPE, OPE and MPPO oligomer product lines by 15–20% effective July 13, 2026, according to informed sources. The company attributes the move to ongoing international geopolitical tensions, heightened volatility in global raw-material markets and sharp increases in core feedstock procurement costs. Shengquan said it had previously maintained stable selling prices by pre-building strategic inventories and absorbing cost pressure; with inventories drawing down and costs remaining elevated, it is implementing a moderate price rise to safeguard supply stability.

QatarEnergy will develop a new mid-scale industrial zone in Mesaieed Industrial City and will work with Qatar's Ministry of Industry to assess and allocate hydrocarbon-derived feedstock to support eligible industrial investments.