By: Mohamed Farouk
Mubasher: The Qatar Stock Exchange (QSE) started Sunday’s trading session down, pressured by the drop of the industry and transportation sectors.
By 10:10 am Qatar time, the general index fell 0.84 % or 88 points to 10,324.67 points.
Turnover amounted to QAR 78.7 million after 5 million shares were traded through 2,300 transactions.
The Qatari bourse is witnessing an improvement supported by investor confidence and the performance of some blue-chip stocks, economist and technical analyst Ibrahim Al-Failakawi told Mubasher.
He added that the market may continue profit-taking trend until hitting the level of 10,100 points, and the index may reach resistance at 10,475 points.
The industrials sector topped the losers falling 6% as Qatar Electricity and Water Company (QEWC) lost 1.42%, followed by the transportation and telecommunication sectors with 1% and 0.14%, respectively.
QAMCO’s stock, which rose 1.4%, led the market in terms of trading volume with 4.3 million shares, generating QAR 62.5 million in liquidity.
Translated by: Kholoud Mohamed Hussein
