Qatar Stock Exchange snapped six consecutive days of bearish run and its key index gained, albeit at lower levels, despite strong buying support from foreign institutions.
Foreign institutions bought QR67mn worth of stocks, but it translated to only a marginal 14-point increase in key barometer and mere QR20mn in capitalisation on the Qatar Stock Exchange on Sunday.
Stronger buying support from Gulf and foreign institutions led Qatar Stock Exchange gain another 64 points to settle close to the 11,300 mark.
The Qatar Stock Exchange on Sunday opened the week on a stronger note and its key index gained 38 points, mainly lifted by foreign institutions.
Reflecting the strong gains in the global oil prices, which hit a six-and-a-half month high; Qatar Stock Exchange surpassed the 10,000 mark, mainly on strong buying interests from domestic and foreign institutions.
Robust buying support from local retail investors and foreign institutions extended the bullish run in the Qatar Stock Exchange and its key index inched near the 10,400 mark.
Notwithstanding a stalemate at the producers’ meet to discuss the output freeze, the Qatar Stock Exchange on Monday gained 42 points to surpass the 10,200 mark.
Qatar Stock Exchange rallied for the second day as its key index shot up 122 points to surpass the 11,000 mark with an ease, mainly lifted by the sustained buying support from foreign institutions.
Qatar Stock Exchange fell 79 points to stay afloat above 9,600 levels mainly on foreign institutions bearish grip and lower buying interests of local retail investors.
Qatar Stock Exchange opened the week weak and its key index lost 63 points mainly due to selling pressure from foreign institutions.
