Doha – Mubasher: The general index of the Qatar Stock Exchange (QE) began trading in the red on Thursday on the back of pressure from negative performance of the market’s leading stocks.
By 9:55am Doha time, the general index was down 0.19% or 16.10 points to 9,752.55 points.
Several real estate, banking and telecom stocks pressured the index, as Barwa Real Estate, Mazaya Qatar, Vodafone Qatar, Al Rayan Bank and Industries Qatar led losers, falling 0.62%, 0.67%, 0.48%, 0.15%, and 0.62%, respectively.
On the other hand, Qatar General Insurance led gainers, rising 6.9% to QAR 49.75. after 100 shares were traded at a turnover of QAR 4,975.
Turnover reached QAR 4.8 million as 181,849 shares were exchanged through 150 deals. Four sectors were down during early trades, led by the industrial sector, which lost 0.54%, followed by telecoms and banks with 0.10% and 0.03%, respectively.
Meanwhile, the insurance sector was the only riser, adding 0.73%, whereas transport and consumer goods remained stable.
