Foreign institutions turned extremely bullish on the Qatar Stock Exchange, which reopened on Sunday after a week-long Eid holidays but rose only by 38 points.
Domestic institutions turned increasingly net sellers on Monday to drive the Qatar Stock Exchange down 11 points as its key index failed to break the 10,900 resistance level.
An across-the-board selling — particularly in transport, telecom and realty stocks — on Tuesday led the Qatar Stock Exchange to retreat below the 11,200 mark, reflecting the weak sentiments in the global oil prices.
Snapping four days of bullish run, Qatar Stock Exchange lost 88 points to retreat below the 11,400 mark, mainly led by realty and banking stocks.
Qatar Stock Exchange continued to be under bearish spell for the second straight session, albeit at lower levels, mainly dragged by realty and industrials.
Foreign institutions on Thursday sought to book profits, after three consecutive sessions of bullish run in the Qatar Stock Exchange, leading its key index settle below the 9,900 levels.
Qatar Stock Exchange witnessed corrections, especially in the insurance, real estate and telecom sectors, and its key index settled a marginal 11 points lower.
