Qatar stocks close 23.99 points lower

23/11/2015 07:57 AST

Qatar Exchange index dropped 23.99 points, or 0.22 percent, when it closed at 10,836.19 points yesterday.

The daily turnover decreased to QR142.77m with a volume of 3,864,068 shares from 1,743 deals compared with QR192.45m with a volume of 4,828,374 shares from 2,753 deals on Thursday.

Indices of five sectors ended in red and two in green yesterday. Elsewhere in the region, Saudi Arabia’s stock market bounced further from a technical support level but other Gulf bourses were little changed. Egypt’s market edged up.

The Saudi stock index has been rebounding in the last few days from support at November’s two-year low of 6,828 points. On Sunday it added 2.1 percent to 7,179 points, rising above resistance on the November high of 7,161 points.

Dubai’s index rose 0.5 percent to 3,290 points in modest turnover. Abu Dhabi’s index edged down 0.2 percent as telecommunications firm Etisalat lost 1.2 percent because of profit-taking.


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