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.
Qatar Stock Exchange gained for the second day, lifted by telecom, industrials and insurance stocks; but faced resistance to break the 10,000 level.
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.
Increased buying support from foreign institutions on Monday added 75 points to lift the Qatar Stock Exchange above the 10,500 mark.
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.
Ahead of FTSE Russell inclusion of some local entities and the US Fed meet to discuss rate policy, Qatar Stock Exchange on Monday witnessed QR20bn erosion in capitalisation and a huge 420 points plunge in its key barometer.
Samsung said Wednesday it would limit recharging of the batteries of its Galaxy Note 7 smartphones to lower the risk of explosions in a measure ...
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.
Apple on Wednesday is expected to introduce a new iPhone and perhaps a second-generation smartwatch as it polishes its lineup of devices to shine during the year-end shopping season.
An across-the-board selling — particularly in transport, telecom and realty stocks — on Tuesday led the Qatar Stock Exchange to retreat below the 11,200 mark, reflecting the weak sentiments in the global oil prices.
