Qatar Stock Exchange (QSE) defied the overall bullish trend in the Gulf equity markets as it closed in the negative with midcap equities bearing the brunt most during the week.
Reversing the five-day bearish spell, Qatar Stock Exchange on Wednesday gained 62 points to cross the 9,700 mark, mainly lifted by strong buying interests of non-Qatari individuals and Gulf institutions.
About 93% of the stocks were in the red, capitalisation eroded more than QR22bn and the main index plunged 415 points, sum up the performance of the Qatar Stock Exchange (QSE), which was the worst performer among the Gulf bourses during the week.
Small, micro and midcap stocks were battered heavily on Wednesday, leading the Qatar Stock Exchange plunge 129 points and settle below the 10,100 mark.
Qatar Stock Exchange on Tuesday gained for the second day and its key index added 29 points to cross the 10,200 mark, mainly lifted by realty and industrials stocks.
Qatar Stock Exchange has gained 31 points but to remain under the 10,200 level; mainly lifted by strong buying interests in transport, telecom and insurance stocks.
Severe profit booking pressure on Sunday led Qatar Stock Exchange open the week weak with its key index plunging 229 points to settle below the 10,200 levels.
Stronger net selling by local retail investors and domestic institutions on Thursday led Qatar Stock Exchange remain in the negative trajectory for the second straight session.
An about six-fold jump in net buying by foreign institutions on Tuesday lifted the Qatar Stock Exchange by another 58 points and its key index inched near the 10,500 mark.
Qatar Stock Exchange on Monday surpassed the 10,400 mark, mainly on the buying support from foreign institutions.
Qatar Stock Exchange on Sunday opened the week weak on an across the board net selling – particularly in transport, insurance and industrials – and its key index fell 22 points.
Sentiments turned positive in the Qatar Stock Exchange (QSE) despite losers outnumbering gainers during the week, reflecting the rebound in the global oil prices.
