Foreign funds drag QSE 63 points; M-cap erodes QR3bn ...Qatar

The Qatar Stock Exchange on Sunday opened the week weak with its key index losing about 63 points, mainly dragged by the transport, telecom and industrials sectors. The foreign funds were seen net profit takers as the 20-stock Qatar Index shrank 0.5% to 12,594.14 points, although it touched an intraday high of 12,730 points. The Gulf institutions continued to be net sellers but with lesser vigour in the market, whose year-to-date gains were at 8.33%. The domestic funds were seen bullish in the main bourse, whose capitalisation however saw QR3.16bn or 0.45% decrease to QR700.39bn, mainly on the back of small and microcap segments. The Islamic index declined slower than the other indices in

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