Mubasher: The Qatar Stock Exchange (QSE) started Wednesday’s trading session with a negative performance, pressured by the removal of Doha Bank from the MSCI World Large Cap Index in the index compiler’s semi-annual review, which will come into effect as of the close of 30 November.
By 09:55 am Qatar time, the general index slid 2.81% to 10,024.46 points, losing 290.16 points.
Turnover amounted to QAR 70.9 million after 2.2 million shares were traded through 1,020 transactions.
The goods and services sector topped the QSE’s decliners falling 6.70% as Qatar Fuel (Woqod) retreated 10%, while the banking sector plunged 3.24% as Qatar Islamic Bank and Doha Bank went down 5.24% and 3.94%, respectively.
The industrial sector levelled down 1.87% due to Gulf International Services’ 4.10% drop.
Woqod’s stock led the QSE in terms of liquidity with 24.4 million, while Doha Bank’s stock posted the highest trading volume with 439,030 shares.
