QE retreats in sixth straight session
Published: Sep 29, 2014
Source: Peninsula Qatar


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QE retreats in sixth straight session

Qatar Exchange retreated for the sixth straight session yesterday on continued profit taking. The entire sector indices entered red with the benchmark index further pulling down to 0.29 percent to 13835 points.Analysts said the market would continue to remain calm until the Eid Al Adha holidays are over. “The sell-off is a regular pre-Eid phenomenon. The market will recover after the holidays,” a market analyst said. Market capitalisatin decreased to QR738bn from QR739bn. Total traded value fell to QR277m from QR405m. Total traded volume squeezed to 6 million shares from 9.6 million shares. Blue chips finished flat. Telecom sector index lost 1.43 percent as Vodafone and Ooredoo shed 1.58 percent and 1.38 percent respectively.Property Developer Ezdan Holding appreciated 0.76 percent. Ezdan will join QE index from October 1, 2014

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