Doha – Mubasher: The Qatar Stock Exchange’s (QSE) main index closed Monday with a hefty loss of about 160 points or 1.48%, reaching the level of 10,675.74 points, driven by a collective drop in all sectors.
QE Al Rayan Islamic Index moved 1.51% down to 4,010.68 points, while the All Shares Index closed at 2,848.86 points with a loss of 1.36%.
Trading volume came to around 5.226 million shares worth QAR 214.66 million reached from executing 3,838 trades.
“The support levels averaged today between 10,600 and 10,650 points, while the resistances were 10,750, 10,900 and 10,950 points,” Ayoub Eshban, financial analyst and economic advisor told Mubasher.
QSE sectors fell collectively, led by the telecom sector with 3.48% down, and followed by real estate which shrank by 1.93%.
Monday trade saw 40 companies, of which seven shares closed higher, 32 others slipped down, and the one left stayed at the same rates.
Qatar National Bank was the best performer as it ended 1.91% up, while Ooredoo was the lowest share with a 3.92% decrease.
Qatar Gas Transport Limited made the biggest trading volume with 731,200 shares traded, while Gulf International made the biggest liquidity which stood at more than QAR 26 million.
QSE main index closed Sunday with a fall of 0.22 or 24 points to 10,836.19 points.
