Large cap equities witnessed heavy offloading, which dragged the Qatar Stock Exchange (QSE) during the week, which also saw the advent of margin trading.
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 funds’ inflow, owing to FTSE inclusion of 22 local equities in its secondary emerging market indices, lifted the Qatar Stock Exchange on Tuesday.
All the 22 stocks, which were earlier indicated, have now been confirmed in the global index compiler FTSE Russell's secondary emerging market index.
The Qatar Stock Exchange on Wednesday gained 70 points to inch near the 11,200 mark on an across-the-board buying. The Qatar Index rose 0.63% to 11,186.14 points on increased trading turnover amidst declining volumes.
Qatar First Bank (QFB) saw its shares settle 36% higher than its book value; but an overall bearish overhang led the Qatar Stock Exchange to close in the red for the fourth straight session.
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.
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.
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.
Qatar Stock Exchange opened the week weak as its key index plunged 93 points to settle below the 9,700 mark and capitalisation erode QR6bn on lingering concerns over low oil prices, geopolitical tension ...
Local and foreign retail investors as well as Gulf institutions turned net profit takers as the 20-stock Qatar Index was up mere 0.38 points to 10,398.33 points.
