Qatar Stock Exchange on Thursday witnessed 134 points gains for the second day, mainly led by large cap equities, to inch near the 10,200 mark.
Increased buying interests from Gulf institutions and lower net profit-booking by local retail investors on Wednesday led Qatar Stock Exchange steer back into positive trajectory as its key index gained 22 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.
A strong buying, especially in the small and large cap equities, steered the Qatar Stock Exchange (QSE) into positive turf, making it the third best performer among the Gulf Cooperation Council bourses during the week.
Strong buying, especially in the telecom and industrials stocks, lifted the Qatar Stock Exchange on Thursday, with its key index gaining 63 points to inch near the 10,400 level.
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.
The Qatar Stock Exchange opened the week weak as its key index lost 56 points to settle below the 10,250 mark; mainly dragged by insurance stocks.
The rebound of oil prices in the world market and later losing steam had had its reflection on the Qatar Stock Exchange (QSE), closing a huge 140 points lower during the week.
