The Qatar Exchange (QE) remained in the positive trajectory in the week on buying interests, especially in consumer goods, industrials and telecom; but put up a shoddy performance vis-à-vis other bourses in the Gulf region year-to-date (YTD).
Local retail investors’ lower net selling was mainly instrumental in lifting the 20-stock Qatar Index by 0.25% in the week that saw Kuwait gain 1.23%, Muscat (0.43%) and Saudi Arabia (0.27%); while Abu Dhabi fell 1.15%, Bahrain (0.74%) and Dubai (0.33%).
The Total Return Index shot up 1.34% but Al Rayan Islamic Index fell 0.11% in the week that saw the bourse announce that there will no changes to the companies represented in the QE and Al Rayan Islamic indices; even as Ahlibank did not qualify to be included in the All Share Index.
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