Still Bearish Equities

We remain bearish Qatar's Doha Securities Market (DSM), although the magnitude of recent falls means that we could witness somewhat of a 'dead cat' bounce in the short-term. Having spent the Eid ul-Fitr holiday watching equity markets across the globe sell off, when the DSM reopened on Sunday (October 5) investors similarly headed for the exit, sending the index down 7.0%. The market has continued to fall today (October 6), closing at 8,275, down 4.5% on the day.

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