Arab individuals, Gulf funds turn net buyers on QSE ...Qatar

News by : (Gulf Times) -
The Arab individuals and the Gulf funds were increasingly net buyers amidst an overall bearish overhang in the Qatar Stock Exchange on Wednesday. Notwithstanding the buying interests at the insurance and telecom counters, the 20-stock Qatar Index settled 74 points or 0.68% lower at 10,839.93 points, having touched an intraday high of 10,912 points. The Islamic index was seen declining slower than the main index in the bourse, whose year-to-date gains were at 3.87%. The domestic institutions’ net selling pressure substantially weakened in the market, whose capitalisation saw more than QR4bn or 0.68% decline to QR626.06bn, mainly owing to mid and microcap segments. A higher than average sel

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