The Qatar Stock Exchange on Wednesday continued to remain under buying influence, albeit at lower levels, despite selling pressure in the real estate and insurance counters. Foreign funds continued to be net buyers but with lesser vigour as the 20-stock Qatar Index settled a marginal 0.07% higher at 8,999.92 points. Masraf Al Rayan-sponsored exchange traded funds QATR gained 0.23%, while Doha Bank-sponsored QETF was on a flat course. The weakened net selling by domestic institutions and local retail investors helped the market, which is up 5.59% year-to-date. The bourse’s capitalisation was, however, down 0.01% to QR498.96bn, mainly on the back of selling in the midcap segment. Trade turnover and volumes were on the slide in the market, where banking and industrials sectors together accounted for about 69% of the total volume. The Total Return Index was up 0.07% to 15,856.85 points and Al Rayan Islamic Index (Price) by 0.14% to 2,194.23 points, whereas All Share Index fell 0.08% to 2,638.45 points. The transport index grew 0.4%, consumer goods (0.3%), telecom (0.14%), banks and financial services (0.09%) and industrials (0.02%); while realty and insurance declined 1.03% and 0.67% respectively. More than 58% of the stocks extended gains with major movers being… Read full this story
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