The Qatar Stock Exchange (QSE) started Monday’s trading session down, pressured by the drop of the banking and telecommunications sectors.
By 10:00 am Qatar time, the main index fell 0.58 % or 52.55 points to 8,992.17 points.
Turnover amounted to QAR 26.6 million after 1.4 million shares were traded through 562 transactions.
The telecommunications sector shed 0.86% as Ooredoo lost 1.85%, while the banking sector edged down 0.24% after Qatar National Bank (QNB) tumbled 3.90%.
On the other hand, the industrial sector topped the QSE’s five gainers rising 1.41% as Qatar National Cement increased 4.41%. The real estate sector inched up 0.18% after Mazaya Qatar Real Estate Development levelled up 1.82%.
Qatar First Bank’s stock, which went up 0.93%, led the bourse in terms of trading volume with 515,100 shares, while Barwa Real Estate’s stock, which rose 0.63%, led the market in terms of liquidity with QAR 3.4 million.