International factors affect investors’ sentiments – The Peninsula

International factors affect investors’ sentiments – The Peninsula

After rising for two consecutive days, the shares in Qatar Stock Exchange came under selling pressure yesterday. The QSE Index lost around 290 points to close at 12730 points in yesterday’s trade.

On the weekly basis, the QSE Index shed around 413 points. The index had ended at 13143 on the previous Thursday.

It was a week that investors would not like to remember. The local market is mirroring the global trend as other major stock markets around the globe have been under selling pressure during the week. Investors globally are concerned over the broadening impact of inflation on economic growth. The investor sentiments are dented by global uncertainty caused by persistently high inflation which has led to hike in interest rates by most of the central banks of major economies. The focus of investors is on what central banks will now do as they walk the tightrope of trying to regain control of inflation, which is now at 40-year highs in some countries, without causing painful recessions.

Except Tuesday and Wednesday, the shares remained under selling pressure on the other three trading sessions.

On Wednesday, the QE Index rose 1.3 percent to close at 13,020.3. The Consumer Goods & Services and Transportation indices