Qatar shares extend losses despite local retail buying ...Qatar

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Qatar shares extend losses despite local retail buying
Local retail investors were on Monday increasingly into net buying in the Qatar Stock Exchange, which however extended its losses on to the third consecutive session. The marginally bullish outlook of domestic funds and the Gulf individuals notwithstanding, the 20-stock Qatar Index settled 31 points or 0.29% lower at 10,708.42 points, having touched an intraday high of 10,761 points. The telecom, industrial, transport and real estate counters witnessed higher than average selling pressure in the market, whose year-to-date gains were contained at 2.61%. About 66% of the traded constituents were in the red in the bourse, whose capitalisation saw more than QR2bn or 0.45% decrease to QR622.96

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