Foreign funds up net buying despite overall lull in QSE ...Qatar

News by : (Gulf Times) -
The foreign institutions were increasingly net buyers in the Qatar Stock Exchange, which otherwise settled in the negative and its key index tanked 156 points. Six of the seven sectors reeled under selling pressure as the 20-stock Qatar Index shrank 1.14% to 13,613.25 points, although it touched an intraday high of 13,760 points. The Islamic index was declining faster than the other indices in the market, which was up 17.1% year-to-date. The domestic funds were increasingly net sellers in the bourse, whose capitalisation saw about QR8bn or 1.01% decrease to QR760.09bn, mainly on the back of large and midcap segments. The local individuals turned net profit takers in the market, where the

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