Banks, real estates weigh on Qatar market

29 June 2010

The QE Index in Doha fell below the psychological important support line of 7,000 points, closing at the level of 6,967.03 (off one percent). The decline might not be market driven as fund managers usually book profits before the end of the first half of the year in order to secure their achieved performances. As in Dubai and Abu Dhabi, banks and real estate firms underperformed. Al Khalij Commercial Bank posted the largest drop, finishing 3.53% lower at QR16.30. National Cement Company (up 2.34% at QR 78.50) and Cinema (0.38% higher at QR26.80) were the only gaining shares in Doha.

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