Gulf funds’ selling drives QSE down 0.1%; M-cap erodes QR2bn ...Qatar

The Qatar Stock Exchange on Tuesday witnessed six of the seven sectors under selling pressure as its key index lost more than 13 points. The Gulf funds were increasingly net sellers as the 20-stock Qatar Index settled 0.1% lower at 13,613.32 points, although it touched an intraday high of 13,687 points. The foreign institutions were seen net profit takers in the market, whose year-to-date gains were at 17.1%. About 56% of the traded constituents were in the red in the bourse, whose capitalisation eroded more than QR2bn or 0.27% to QR757.42bn mainly on small and microcap segments. The Islamic index was seen declining slower than the main barometer in the market, which saw a total of 0.1mn

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