QSE remains almost flat despite profit booking pressure

QSE remains almost flat despite profit booking pressure

The Qatar Stock Exchange (QSE) Wednesday witnessed a rollercoaster ride with it finally settling almost flat despite buying interests in five of the seven sectors.The foreign institutions were seen increasingly net sellers as the 20-stock Qatar Index was down mere 0.03% to 10,222.9 points, as investors were cautious ahead of the meeting of Opec+.The Gulf institutions turned net profit takers in the main market, whose year-to-date losses widened to 4.29%.The banking and consumer goods sectors witnessed higher than average selling pressure had its influence in the main bourse, whose capitalisation, nevertheless, was up QR0.07bn or 0.01% to QR595.66bn with microcap segments gaining the most.The Arab individuals’ weakened net buying had its say in the main market, which regained from an intraday low of 10,189 points.The foreign retail investors lower net buying had its influence in the main bourse, which saw as many as 6,850 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR0.02mn trade across one deal.However, the local retail investors were increasingly net buyers in the main market, which saw no trading of sovereign bonds.The Islamic index was seen gaining vis-à-vis decline in the main barometer in the main bourse, which witnessed no trading of treasury bills.The