Tuesday 5 March 2019

Foreign institutions turn profit takers on QSE

Foreign institutions turn profit takers on QSE:

The Qatar Stock Exchange on Tuesday plummeted more than 100 points in key index and about QR9bn in capitalisation, mainly dragged by real estate, telecom, banking and industrials sectors.

Foreign institutions turned net profit takers as the 20-stock Qatar Index settled 1.07% lower at two-month low of 10,010.24 points.

However, domestic institutions were increasingly bullish in the market, whose sensitive index registered 2.8% shrinkage year-to-date.

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