Qatar bourse extends losing run to 7th day amid US-China trade row:
The Qatar Stock Exchange continued its bearish run for the seventh consecutive day on Monday to lose 188 points, thus settling below 9,800 levels, mainly dragged by foreign funds.
An across-the-board selling – especially in realty, transport, insurance, telecom and banking shares – led the 20-stock Qatar Index to decline 1.89% to 9,740.2 points, reflecting the global woes resulting from the US-China trade war.
A Kamco technical analysis suggests that medium-term and long-term investors can stay in the market with a stop-loss below 10,200 points and 9,700 points, respectively.
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