Ahead of oil producers’ meeting in Doha on Sunday, the world oil markets witnessed some sporadic gains but its effect was rather seen muted in the Qatar Stock Exchange (QSE).
Investors’ penchant for consumer goods, insurance, real estate and banking stocks led Qatar Stock Exchange gain 31 points on more than doubled volumes.
Profit booking – especially in real estate, banking and telecom sectors – led Qatar Stock Exchange open the week weak as its key index lost 36 points.
The Qatar Stock Exchange on Tuesday plummeted 225 points, losing for the third straight session, to settle a tad above the 10,000 mark mainly dragged by local and non-Qatari retail investors.
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.
Foreign institutions’ substantially lower buying interests led the Qatar Stock Exchange open the week weak and its key index lost 124 points to settle below the 10,300 mark.
Bearish spell, albeit at lower levels, was witnessed in Qatar Stock Exchange on Wednesday, mainly due to selling pressure in the micro, small and midcap equities.
Reversing a four-day bearish trend, the Qatar Stock Exchange gained a robust 171 points to surpass the 10,300 mark, mainly on sustained buying interests from foreign and Gulf institutions.
The Qatar Stock Exchange on Monday kept sliding for the fourth consecutive day to fall below the 10,200 mark, mainly on insurance and real estate stocks.
Stronger buying – especially in insurance, real estate, consumer goods and telecom stocks –helped Qatar Stock Exchange gain 30 points to inch near the 10,450 mark.
Qatar Stock Exchange on Thursday gained a huge 135 points to surpass the 10,400 level with an ease on euphoria over next month’s meeting of oil producers.
Producers’ meeting in Doha next month brightened sentiments in the global energy front to instil a positive effect on the Qatar Stock Exchange, which gained 91 points to inch near the 10,300 level.
