Qatar Stock Exchange on Sunday opened the week weak on an across the board net selling – particularly in transport, insurance and industrials – and its key index fell 22 points.
Sentiments turned positive in the Qatar Stock Exchange (QSE) despite losers outnumbering gainers during the week, reflecting the rebound in the global oil prices.
Stronger net selling by domestic institutions extended the bearish spell on the Qatar Stock Exchange to the second day as its key index fell below the 10,400 mark.
The Qatar Stock Exchange on Wednesday snapped a two-day bull run to close 28 points lower, but remained above the 10,400 mark, mainly dragged by industrials, consumer goods, transport and realty stocks.
Aided by strong buying – especially in the telecom and transport stocks – Qatar Stock Exchange on Tuesday extended the bullish run to the second day and its key index gained another 26 points.
Insurance, telecom and industrials counters witnessed stronger demand to lift the 20-stock Qatar Index 0.48% to 10,405.2 points, reflecting the rebound in the global oil market.
The Qatar Stock Exchange on Sunday edged down two points, despite stronger selling in the insurance, industrials and telecom counters.
The Qatar Stock Exchange (QSE) Index decreased by 78.13 points, or 0.75% during the week to close at 10,357.33. Market capitalisation decreased by 0.7% to QR556.6bn versus QR560.7bn at the end of the previous week.
Large cap equities witnessed heavy offloading, which dragged the Qatar Stock Exchange (QSE) during the week, which also saw the advent of margin trading.
The Qatar Stock Exchange (QSE) witnessed QR3mn worth of transactions using margin trading but overall its key index treaded almost a flat path despite selling pressure in insurance ...
Qatar Stock Exchange was back in negative terrain on Wednesday, albeit at lower levels, despite movers outnumbering gainers.
Reversing five consecutive days of bearish spell, Qatar Stock Exchange on Tuesday gained 78 points but to settle below the 10,400 mark.
