Qatar Stock Exchange ‘dragged below 10,000 levels’

      Published on Friday, 23 October , 2020      760 Views     
Qatar Stock Exchange ‘dragged below 10,000 levels’

  • Business

Hit with yet another challenge amid the pandemic, across the board selling, mainly in consumer goods, industrials, and real estate sectors, dragged QSE more than 50 points on Wednesday, according to an economics expert.

This was made apparent in the 20-stock Qatar Index, in which the weakened net buying interests of domestic, Gulf and foreign funds were instrumental in the 0.5% decline to 9,965.03 points, Santhosh V. Perumal said in a report by the Gulf Times.

Despite little growth in Gulf markets over the past few months, decliners recently exceeded gainers by far on the bourse, with year-to-date losses hitting a 4.42%.

Not only that, but over the past couple of months, Islamic stocks have been dropping faster than the other indices.

Meanwhile, the Total Return Index dropped 0.5% to 19,157.44 points, Al Rayan Islamic Index by 0.57% to 2,334.9 points and All Share Index by 0.4% to 3,076.91 points.

Market capitalism, on the other hand, saw a 0.49% decrease, roughly QR3bn, to  QR593.75bn, mainly owing to microcap segments.

Category Business | 2020/10/23 latest update at 10:50 PM
Source : Doha News | Photocredit : Google
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