The Qatar QE Index experienced a significant decline, falling 3.2% and losing 339.58 points to close at 10,286.92. This marks the largest single-day drop since a 4.2% decrease in April. The primary contributor to this decline was Qatar National Bank (QPSC), which saw its stock price fall by 4.2%. Ezdan Holding Group (QSC) faced the steepest drop among stocks, plummeting 6.7%.
All 20 constituent stocks of the index experienced declines. Over the past year, the index has only seen a similar or larger drop once. Despite a 0.5% rise this quarter, the index is down 3.2% for the week, potentially marking the largest weekly decline since late October. Over the past 52 weeks, the Qatar QE Index has increased by 6.4%, compared to a 14% rise in the MSCI Emerging Markets Europe, Middle East, and Africa Index.
