Qatar Stock Exchange (QSE) was the second best performer among the Gulf bourses, registering robust 158 points gains, during the week.
Oil prices slumped on Monday after producers failed to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets edged higher.
Led by mid and small cap equities, Qatar Stock Exchange fell below the 10,200 with investors largely adopting a cautious path as they await outcome from oil producers, which met in Doha to discuss the draft production freeze.
An agreement to “restore stability” to the global oil market was “imminent” as the growing number of oil producers who have officially confirmed participation in Sunday's oil producers meeting in Doha ...
Opec warned that the world remains awash with crude ahead of a crunch meeting in Doha between cartel members and other major producers to discuss a production freeze to boost the oil price.
Oil reached a 2016 high above $43 a barrel, supported by hopes that an upcoming meeting of oil producers will agree steps to tackle a supply glut.
Qatar said on Tuesday that it has invited Iran to join talks among the world's top oil producers next month on implementing a proposed output freeze to stabilise plummeting prices.
Saudi Arabia is "not prepared" to cut oil production, its foreign minister said, after the top exporter agreed with Russia to freeze output if major rivals follow.
Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilise the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported.
