Qatar Exchange follows global downtrend

11 August 2010

Hit by bearish comments done by the Fed on Tuesday, the Qatar Exchange (QE) lost 0.31% and finished at 7,104.04 points. The U. S. Federal Reserve said the economic recovery would be less strong than anticipated. Only the insurance sector index added value, while banks and real estate shares posted losses overall. Barawa Real Estate was the most liquid stock, finishing 1.59% lower at QR30.80. Traded value plummeted with the beginning of the Holy month of Ramadan by over 30% to QR69.84m.

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