Profit booking – especially in real estate, banking and telecom sectors – led Qatar Stock Exchange open the week weak as its key index lost 36 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.
Reversing a four-day bearish trend, the Qatar Stock Exchange gained a robust 171 points to surpass the 10,300 mark, mainly on sustained buying interests from foreign and Gulf institutions.
Nepal authorities opened banking channels on Sunday to start distributing reconstruction cash to earthquake victims, almost 11 months after the tremor killed nearly 9,000 people.
The Qatar Stock Exchange largely remained flat despite buying support from foreign retail investors and lower selling pressure from domestic and Gulf institutions.
Qatar Stock Exchange on Tuesday crossed the 10,400 resistance level mainly on buying support from local and non-Qatari retail investors.
Qatar Stock Exchange was back in the negative terrain with its key index losing 36 points to settle below the 9,900 mark, mainly dragged by banking, transport and real estate stocks.
Banking and transport stocks notably witnessed profit-booking to drag the 20-stock Qatar Index 0.71% to 9,847.36 points.
Buying was seen more pronounced – especially in the industrials, telecom, consumer goods and transport counters – to lift the 20-stock Qatar Index 1.21% to 9600.97 points.
Reflecting the weak signals from oil market and global worries in the equity front, the Qatar Stock Exchange (QSE) witnessed a weak run, making it the third worst performer among the Gulf bourses during the week.
Qatar Stock Exchange opened the week weak and its key index lost 63 points mainly due to selling pressure from foreign institutions.
Authorities in Qatar will use fiscal policy and money market operations if needed to prevent low oil and gas prices from causing a liquidity crunch in the banking system, QCB governor was quoted as saying.
