Qatar: QSE eases slightly despite movers outnumber shakers

Qatar: QSE eases slightly despite movers outnumber shakers

Qatar - The Qatar Stock Exchange (QSE) Wednesday saw a rollercoaster ride in the initial period to finally close mere 10 points lower despite gainers outnumbering losers.

The domestic institutions were seen net profit takers as the 20-stock Qatar Index fell 0.09% to 10,662.56 points. The market has been on a bearish for the third consecutive day.

The Arab retail investors turned net sellers in the main market, which reported year-to-date losses of 0.16%.

The foreign individuals’ weakened net buying had its influence in the main bourse, which saw the index touch an intraday high of 10,713 points.

The Gulf institutions’ lower net buying support also had its say in the main market, whose capitalisation was down QR0.23bn or 0.04% to QR626.55bn with microcap segments losing the most.

However, the foreign funds turned bullish in the main bourse, which saw a total of 0.04mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.39mn changed hands across 24 deals.

The local retail investors were seen net buyers in the main market, which saw no trading of sovereign bonds.

The Islamic index was seen declining slower than the main index in the main market, which saw no trading of treasury bills.

The Total Return Index