QSE index retreats below 9,900 levels as Gulf funds turn bearish:
The Qatar Stock Exchange opened the week weak with its key index retreating below 9,900 levels as Gulf funds turned bearish and there was weakened net buying support from non-Qatari institutions.
An across the board selling — particularly telecom, banking and real estate — led the 20-stock Qatar Index decline 0.56% to 9,847.05 points.
The Islamic equities were seen declining slower than the other indices in the market which is up 15.53% year-to-date.
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