Mubasher: Aamal Co’s stock on Wednesday dropped to its lowest level in 10 years ahead of its exit from the FTSE Emerging Markets Index.

By 12:10 pm Qatar time, the stock fell 2% to QAR 9.31, its lowest level since December 2007, when it had recorded QAR 9.75.

Aamal’s stock saw a turnover of QAR 2.1 million after 219,200 shares were traded through 68 transactions.

In the meantime, the industrial sector fell 0.68%, while the Qatar Stock Exchange’s (QSE) benchmark index shed 0.39% or 33.32 points to 8,438.40 points.

The semi-annual review of the FTSE Emerging Markets Index recently indicated that QSE-listed Gulf Warehousing was to be added to the index starting 18 September, whereas three companies, including Aamal, were to be removed from the index.