3 Hrs
Source:
الشرق
Qatar bourse corrects
Financial analyst Mubarak Al-Tamimi said the Qatar Stock Exchange saw a corrective pullback after strong gains. The weekly index fell 0.37%, or 37.47 points, to 10,028, as it neared resistance at 10,205 and investors took profits following gains of more than 10% in most sectors. The 9,919 level is considered initial support, followed by 9,857 if that level is breached. A break above resistance at 10,205 could pave the way toward 10,487 and then 10,719. Al-Tamimi also noted rising liquidity and renewed interest in leading stocks from local and foreign investment portfolios, saying the pullback was a natural correction and did not necessarily signal a change in the market’s overall direction.
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