Global concerns weigh on QSE; bank stocks tumble ...Qatar

Reflecting apprehensions of global economic slowdown on rising inflation and interest rates, the Qatar Stock Exchange Monday plummeted 201 points to below 12,700 points, mainly dragged by banking and financial sector. The domestic institutions were seen hurriedly squaring off their position as the 20-stock Qatar Index lost 1.56% to 12,675.92 points, although it touched an intraday high of 12,942 points. The foreign individuals were seen bearish in the market, whose year-to-date gains declined to 9.03% year-to-date. The Gulf individuals turned net profit takers, albeit at lower levels, in the bourse, whose capitalisation eroded about QR9bn or 1.2% to QR718.47bn, mainly on the back of mid and

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