Global cues drive QSE down despite foreign funds’ increased buying interests ...Qatar

Gulf Times - News

The impending US Federal Reserve rate hikes had its effect on global bourses, including the Qatar Stock Exchange, whose key index on Monday plunged 223 points and capitalisation eroded QR8bn. An across the board profit booking led the 20-stock Qatar Index to lose 1.59% to 13,764.05 points, although it touched an intraday high of 13,972 points. The Islamic index was declining faster than the other indices in the market, whose year-to-date gains were at 18.39%. The local retail investors were seen bearish in the bourse, whose capitalisation saw QR8bn or 1.08% decrease to QR768.77bn, mainly on the back of large and midcap segments. The Gulf funds turned net sellers in the market, where the b

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Last updated : 25 April 2022 clock 11:42 PM

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Global cues drive QSE down despite foreign funds’ increased buying interests ...Qatar

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