Local retail investors’ bearish grip coupled with increased net profit-booking by domestic institutions led the Qatar Stock Exchange to fall for the second day by another 18 points.
The rebound of oil prices in the world market and later losing steam had had its reflection on the Qatar Stock Exchange (QSE), closing a huge 140 points lower during the week.
Riding high on renewed hopes in the oil market, the Qatar Stock Exchange gained 153 points to inch near the 10,000 mark.
Qatar Stock Exchange witnessed stronger buying interests – especially in the consumer goods and transport stocks – but translated as a marginal 16 points addition, thus failing to break the 9,900 resistance levels.
The Qatar Stock Exchange gained for the second consecutive day, adding 256 points to inch near the 9,900 mark, mainly on increased buying interests of foreign institutions.
Qatar Stock Exchange was back in the negative turf as its key index lost 133 points; thus failing to break the 8,900 resistance level.
