The Qatar Stock Exchange continued to witness heavy profit booking, leading to more than 442 points plunge in key barometer and QR25bn in capitalisation, following the global sell-off last week and oil’s plunge on Friday. An across the board selling, particularly in the industrials, led the 20-stock Qatar Index plummet 3.52% to 12,119.85 points, although it touched an intraday high of 12,486 points. The domestic institutions were seen net profit takers in the market, whose year-to-date gains were at 4.25%. The Gulf institutions were increasingly net sellers in the bourse, whose capitalisation saw about QR25bn or 3.53% decline to QR680.85bn, mainly on the back of large and midcap segments. T
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