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Qatar shares edge down amid selling pressure July 16 2021 12:09 AM Local retail investors and domestic institutions were increasingly bullish Thursday, even as the Qatar Stock Exchange settled in the negative and its key index closed below 10,700 levels. An across the board selling – particularly in industrials and banking – drove the 20-stock Qatar Index down 80 points or 0.74% to 10,696.3 points, having touched an intraday high of 10,761 points. The Gulf funds and foreign individuals were seen increasingly into net buying in the market, whose year-to-date gains were at 2.49%. The foreign institutions were increasingly into net profit booking in the bourse, whose capitalisation saw more than QR5bn or 0.84% erosion to QR618.79bn, mainly owing to large and midcap segments.

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