Local retail investors and Gulf funds turned bearish on QSE:
The Qatar Stock Exchange on Sunday opened the week weak to remain below 9,900 levels, mainly dragged by telecom, transport, real estate and banking sectors.
Local retail investors and Gulf funds turned bearish as the 20-stock Qatar Index settled 0.38% lower for the second consecutive day to 9,824.2 points, which is however up 15.26% year-to-date.
The buying interests of foreign institutions and Gulf individuals were seen weakening in the market, which saw Islamic equities decline slower than the other indices. Micro, large and small cap equities witnessed higher selling pressure.
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