Exogenous factors play spoilsport in QSE; key index tanks 131 points, M-cap erodes QR7bn By Santhosh V Perumal ...Qatar

Reflecting the turbulent global markets, a day after the US rate hike, the Qatar Stock Exchange yesterday saw its key barometer plummet more than 131 points and capitalisation erode in excess of QR7bn. The insurance and industrials counters witnessed higher than average selling pressure as the 20-stock Qatar Index lost 0.98% to 12,306.07 points but recovering from an intraday low of 12,280 points. The foreign institutions’ weakened net buying interests had its influence in the market, whose year-to-date gains truncated to 5.85%. About 66% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR7.27bn or 1.05% decrease to QR687.2bn, mainly on the back of lar

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Exogenous factors play spoilsport in QSE; key index tanks 131 points, M-cap erodes QR7bn By Santhosh V Perumal ...Qatar

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