QSE snaps its winning streak but stays above 11,100 points ...Qatar

News by : (Gulf Times) -
The Arab individuals Wednesday turned net buyers in the Qatar Stock Exchange, which otherwise snapped 10 consecutive days of bullish phase. Notwithstanding the weakened net selling pressure from domestic funds and local retail investors, the 20-stock Qatar Index settled 31 points or 0.28% lower at 11,135.15 points, having touched an intraday high of 11,165 points. The foreign institutions continued to be net buyers but with lesser intensity in the market, whose year-to-date gains were at 6.7%. The real estate, insurance, transport and telecom counters witnessed higher than average selling pressure in the bourse, whose capitalisation shed more than QR2bn or 0.35% to QR641.19bn, mainly on s

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