Intensified geopolitical tension weaken sentiments as Qatar Stock Exchange plunges 195 points

Intensified geopolitical tension weaken sentiments as Qatar Stock Exchange plunges 195 points

Reflecting the intensified geopolitical tensions, the Qatar Stock Exchange (QSE) Monday plummeted more than 195 points and capitalisation eroded in excess of QR9bn.

A higher than average selling pressure in the banks and transport sectors led the 20-stock Qatar Index tank 1.89% to 10,151.98 points.

The foreign institutions were seen increasingly into net selling in the main market, whose year-to-date losses widened to 6.27%.

As much as 84% of the traded constituents were in the red in the main bourse, whose capitalisation eroded QR9.05bn or 1.51% to QR592.1bn with large and midcap segments leading the pack of shakers.

The Gulf institutions were increasingly net profit takers in the main market, which saw as many as 0.03mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.06mn trade across five deals.

The Gulf individuals were seen increasingly net sellers, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.

The Islamic index fell slower than the other indices in the main market, which reported no trading of treasury bills.

The Total Return Index shed 1.89%, the All Share Index by 1.75% and the All Islamic Index by 1.36% in the main bourse, whose trade turnover and volumes were on