Monday 29 July 2013

Foreign selling pressure drags Qatar shares down

Foreign selling pressure drags Qatar shares down:

"The Qatar Exchange opened the week weak yesterday, mainly due to net selling pressure from foreign institutions.

Realty, banking and telecom counters witnessed more profit-booking as the 20-stock Qatar Index (based on price data) settled 0.41% lower at 9,654.55 points.

QNB, Commercial Bank, Masraf Al Rayan, Qatari Investors Group, United Development Company (UDC), Barwa, Vodafone Qatar and Nakilat were among influential losers, while Doha Bank and Gulf International Services outperformed key indices."

'via Blog this'

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