An about six-fold jump in net buying by foreign institutions on Tuesday lifted the Qatar Stock Exchange by another 58 points and its key index inched near the 10,500 mark.
Qatar Stock Exchange on Monday surpassed the 10,400 mark, mainly on the buying support from foreign institutions.
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.
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.
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.
Qatar Stock Exchange witnessed gains to be the second best performing among the Gulf bourses during the week, which saw oil producers’ “exceptional” decision to cut production in the wake of global supply glut.
Qatar Stock Exchange on Wednesday remained under bearish spell, albeit at lower levels, for the second day, amidst substantial weakening of buying interests of foreign institutions.
