Qatar Stock Exchange on Wednesday broke the 10,000 psychological mark with its key index gaining 89 points, mainly lifted by local retail investors.
The Qatar Stock Exchange gained a marginal six points despite stronger buying interests in industrials and transport stocks.
The Qatar Stock Exchange opened the week on a weaker note as its key index lost 59 points, thus failing to break the 10,000 resistance level, mainly dragged by domestic institutions.
Amidst hopes of oil production cuts by four major players and backed by Iran, Qatar Stock Exchange (QSE) closed the week near the 10,000 mark and capitalisation increase more than QR23bn on the back of strong buying support from foreign institutions.
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.
Buying was seen more pronounced – especially in the industrials, telecom, consumer goods and transport counters – to lift the 20-stock Qatar Index 1.21% to 9600.97 points.
Global equities meltdown and weak oil prices had its knock-on effect in the Qatar Stock Exchange, which plunged 134 points to sink below the 9,500 mark.
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.
Banking on hopes of production cut by oil producers, which has already led Brent to trade above $35 a barrel; Qatar Stock Exchange (QSE) was the fourth best performer in the Gulf region, witnessing QR22bn addition in capitalisation, during the week.
