Qatar Stock Exchange on Wednesday fell 40 points to retreat below the 10,400 levels, mainly dragged by consumer goods and real estate stocks.
Qatar Stock Exchange on Tuesday crossed the 10,400 resistance level mainly on buying support from local and non-Qatari retail investors.
Robust buying interests of domestic, Gulf and foreign institutions on Tuesday lifted the Qatar Stock Exchange by 77 points to inch near the 10,000 mark.
Dilemma over whether to cut or freeze oil production appears to have swayed the Qatar Stock Exchange (QSE), which plunged a huge 120 points during the week mainly on net profit booking by foreign institutions.
Banking and transport stocks notably witnessed profit-booking to drag the 20-stock Qatar Index 0.71% to 9,847.36 points.
Qatar Stock Exchange on Wednesday retreated below 10,000 levels despite stronger buying interests in real estate and telecom stocks.
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.
