Qatar market index sticks at the mid-Bollinger band
The Doha-based QE 20 Index declined by 0.62 per cent to reach 13,149.55 points on Sunday, June 8. The gauge has been fluctuating around the mid-Bollinger band for the last four trading sessions, indicating a fierce fight between bulls and bears.
Oswald Gruebel, former CEO of Switzerland’s biggest bank UBS, says in his weekly column in the Schweiz am Sonntag, the biggest crash of all times was “pre-programmed”, as central banks globally inflated their balance sheets in the wake of the financial crisis.
Shares ended mixed, amid a lack of catalysts. Salam International gained the most (up by 6.97 per cent at QAR17.80). Rayan recorded the biggest drop, ending off by 2.70 per cent to QAR57.90.