Local and Arab individuals turn net buyers on QSE despite selling pressure

qse

Local and Arab individuals on Wednesday turned net buyers even as the Qatar Stock Exchange was in the negative trajectory. Robust gains at the insurance counter notwithstanding, the 20-stock Qatar Index settled 83 points or 0.81% lower at 10,211.39 points, reflecting the sentiments on the global markets that were awaiting signals from the US Federal Reserve. Six of the seven sectors were under selling pressure on the bourse, whose year-to-date losses were at 2.15%. About 60% of the traded stocks were in the red on the market, whose capitalisation saw more than QR4bn or 0.76% decline to QR592.78bn, mainly owing to midcap segments.