Trade turnover and volumes were on the decline in the Qatar Stock Exchange but overall its key index added another 33 points for the second day to inch near the 9,800 mark, mainly on domestic institutions’ buying support.
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’s trade turnover and volumes rose substantially, but overall it remained under the bearish spell for the second day on Thursday.
Investors’ penchant for Islamic stocks notwithstanding, Qatar Stock Exchange witnessed profit booking and its key index retreated below the 10,500 mark, after gaining in the previous three consecutive sessions.
Increased buying support from foreign institutions on Monday added 75 points to lift the Qatar Stock Exchange above the 10,500 mark.
The Qatar Stock Exchange on Sunday opened the week on a strong note as its key index gained 23 points, mainly lifted by industrials and real estate stocks.
Notwithstanding stronger buying in the telecom and transport counters, Qatar Stock Exchange on Wednesday settled in the negative turf amidst shrinking trade turnover and volumes.
Foreign institutions turned extremely bullish on the Qatar Stock Exchange, which reopened on Sunday after a week-long Eid holidays but rose only by 38 points.
Gulf institutions’ higher selling pressure and extremely weak buying support from their foreign counterparts on Wednesday led the Qatar Stock Exchange to lose another 78 points to settle below the 10,700 mark.
