Led by mid and small cap equities, Qatar Stock Exchange fell below the 10,200 with investors largely adopting a cautious path as they await outcome from oil producers, which met in Doha to discuss the draft production freeze.
Ahead of oil producers’ meeting in Doha on Sunday, the world oil markets witnessed some sporadic gains but its effect was rather seen muted in the Qatar Stock Exchange (QSE).
Stronger selling by local retail and institutions was contained by robust buying interests of foreign and Gulf institutions that the Qatar Stock Exchange largely remained flat on Wednesday.
Investors’ demand for real estate and industrials equities on Tuesday sustained the bullish momentum in the Qatar Stock Exchange for the second straight session and its key index inched near the 10,250 levels.
Large cap equities came under strong selling in the Qatar Stock Exchange, which lost sizeable 211 points in index and more than QR10bn in capitalisation, making it the worst performer among the Gulf Cooperation Council (GCC) bourses during the week.
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.
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.
