Strong profit booking drags QSE below 10,400 levels

Strong profit booking drags QSE below 10,400 levels:

Strong profit booking, especially in the banking counter, on Tuesday dragged the Qatar Stock Exchange below 10,400 levels.

Foreign institutions’ substantially weakened buying interests led the 20-stock Qatar Index shed 0.78% to 10,376.94 points, which is up 21.75% year-to-date.

Market capitalisation eroded about QR7bn or 1.16% to QR582.22bn, mainly on account of large cap equities.