ALBAWABA - The general index of the Qatar Stock Exchange experienced its most significant daily decline since June 2022, dropping by over 3% in the second trading session of 2024. This downturn was driven by pressure across all sectors, particularly in banking and financial services.
At the close of Wednesday's trading, the Qatari index stood at 10,385 points, shedding around 323 points due to strong selling activities led by Gulf and foreign institutions. The market lost approximately 15 billion Qatari riyals in market capitalization, reaching a total of 602.2 billion riyals.
The Qatar Stock Exchange index recorded a 4.1% decline in the first two sessions of the current year, influenced by profit-taking operations that affected most sectors following the strong gains at the end of the 2023 trading sessions.
