Mubasher: The Qatar Exchange (QE) declined by 2.67% this week, as the main index closed at 9,207.01 points.
This comes after four consecutive weeks of gains for the Qatari stock market.
Capital market losses amounted to QAR 12.6 billion, as it closed at QAR 514.4 billion.
The investment manager at Namaa, Ahmed Maher told Mubasher that the market losses resulted from profit making after a months of rises, especially from Gulf and foreign investors.
The market is expected to make gains in the upcoming period, as the main index targets resistance at 9,400 points, while support lies around the level of 9,200 points, Maher noted.
Six major sectors ended the week in losses, led by telecom with 4.19%, followed by industry with 3.49%, as well as insurance and banks with 3.23%, and 2.69%, respectively.
Real Estate and commodities also lost 1.46% and 0.99%, while only transportation rose by 2.56%.
Traded values declined by 35.8% to QAR 969.05 million, compared to QAR 1.51 billion, while volumes decreased 38.05% to 37.29 million shares.
