Large cap equities witnessed heavy offloading, which dragged the Qatar Stock Exchange (QSE) during the week, which also saw the advent of margin trading.
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.
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.
Expectations on a rate hike by the US Federal Reserve and slow expansion in the domestic economy had their dampening effects on the Qatar Stock Exchange (QSE), which lost 185 points during the week.
Qatar Stock Exchange (QSE) witnessed heavy demand for quality stocks from foreign institutions during the week which also saw oil prices hit an eight-month high.
Foreign institutions on Thursday sought to book profits, after three consecutive sessions of bullish run in the Qatar Stock Exchange, leading its key index settle below the 9,900 levels.
Domestic and foreign institutions’ buying support on Wednesday steered the Qatar Stock Exchange back in positive terrain and its key index surpassed the 9,700 levels.
Qatar Stock Exchange was back in the negative trajectory on Tuesday, mainly steered by foreign and Gulf institutions’ net selling.
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.
Qatar Stock Exchange continued to be under bearish spell, albeit at lower levels, mainly dragged by profit booking pressure from local, Gulf and foreign individual investors.
Snapping four days of bullish run, Qatar Stock Exchange suffered heavily with its key index losing 133 points to settle below the 10,300 mark on an across-the-board selling.
