Global concerns weigh on QSE; index settles below 13,500 points ...Qatar

Gulf Times - News

The domestic institutions were seen increasingly net sellers in the Qatar Stock Exchange, which Tuesday fell 63 points to settle below 13,500 levels. Global inflation concerns and rising interest rates had its dampening effect, which was reflected in 0.47% decline in the 20-stock Qatar Index, which closed at 13,450.01 points, although it touched an intraday high of 13,557 points. The Islamic index was seen declining faster than the other indices in the market, which was up 15.69% year-to-date. The Gulf institutions were also seen increasingly into net selling in the bourse, whose capitalisation eroded more than QR2bn or 0.29% to QR757.66bn, mainly on the back of midcap segments. The Arab fu

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Last updated : 10 May 2022 clock 08:28 PM

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