Rising geopolitical tensions and the US pullout from Iran nuclear deal had their reflections in the Qatar Stock Exchange, which saw more than QR6bn loss in capitalisation this week.
Severe selling, especially in the mid and microcap segments, led Qatar Stock Exchange plunge 282 points in its key index and QR18bn in capitalisation this week which saw the US Fed maintain status quo on its interest rates.
The Qatar Stock Exchange witnessed more than 64% of the traded constituents decline but overall it settled 126 points higher this week, riding on the waves of increased foreign ownership limits in certain underlying scrips.
Qatar Stock Exchange on Wednesday sunk below 8,600 levels mainly on strong selling pressure in the banking, industrials and real estate equities.
The Qatar Stock Exchange on Tuesday surpassed 8,000 levels with ease, mainly on sustained buying interests of foreign institutions.
The Qatar Stock Exchange on Tuesday gained for the third straight session, mainly on the back of strong buying interests in the industrials and telecom equities.