The Qatar Stock Exchange gained as much as 197 points to inch near the 9,700 points on the back of strong buying support from foreign institutions.
Domestic institutions turned net profit takers to drag the 20-stock Qatar Index down 1.52% to 9,486.71 points.
Qatar Stock Exchange on Tuesday gained for the fifth straight session, adding another 85 points to inch near the 9,700 mark, notwithstanding strong profit booking by foreign institutions.
The Qatar Stock Exchange rallied for the fourth straight session to add another 67 points and inch near the 9,550 mark mainly on the back of buying support from foreign and domestic institutions.
Last week’s oil price rebound on reports suggesting possible production cut by oil producers had positively affected Qatar Stock Exchange, which on Sunday opened the week with 209 points addition to inch near the 9,500 mark and its capitalisation gained QR12bn to cross the QR507bn with ease.
Oil price remaining above $30 a barrel and the possibilities of a cut in oil production by major energy-exporting countries lent tremendous support to the Qatar Stock Exchange ...
Global oil prices at above $30 a barrel has had a positive effect on the Qatar Stock Exchange, which gained for the second day by another 293 points to inch near the 9,300 mark.
Qatar Stock Exchange bounced back with huge 231 points gains to inch near the 9,000 mark on the back of an overall stronger buying in the telecom, insurance and industrials stocks.
Bearish sentiments continued to haunt the Qatar Stock Exchange, which fell 100 points to settle below the 8,800 mark; mainly dragged by transport, industrials and telecom stocks.
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.
Sharp oil price rise on Friday appears to have profound effect on the Qatar Stock Exchange, which opened the week with robust 477 points gain to inch near the 8,900 mark.
A 12-year low oil price has had a cascading effect on the Gulf shores with the Qatar Stock Exchange (QSE) witnessing a huge 601 points plunge in index and about QR32bn in capitalisation, making it the second worst performing bourse in the region.
