Fed action weighs on QSE sentiments; index tanks 537 points ...Qatar

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Fed action weighs on QSE sentiments; index tanks 537 points
The sharp hike in interest rates by the US Federal Reserve to tame a 40-year high inflation had its repercussions in the Qatar Stock Exchange, which plummeted 537 points and wiped off QR26bn in capitalisation this week. The domestic funds were seen increasingly into net selling as the 20-stock Qatar Index tanked 4.1% this week which saw the QSE chief executive Tamim Hamad al-Kawari tell a London conference that the bourse is focused on improving the liquidity. The foreign institutions’ weakened net buying had its influence in the market this week which saw Commercial Bank closes $750mn Asian syndicate term loan facility. The foreign individuals’ net buying also waned this week which saw D

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