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.
Large cap equities came under strong selling in the Qatar Stock Exchange, which lost sizeable 211 points in index and more than QR10bn in capitalisation, making it the worst performer among the Gulf Cooperation Council (GCC) bourses during the week.
A strong buying, especially in the small and large cap equities, steered the Qatar Stock Exchange (QSE) into positive turf, making it the third best performer among the Gulf Cooperation Council bourses during the week.
Qatar Stock Exchange plunged 167 points to settle below the 10,300 mark on domestic institutions’ net selling and their foreign counterparts’ lower penchant for buying.
Qatar Stock Exchange on Wednesday failed to break the 10,500 resistance level as its key index lost 38 points, mainly dragged by real estate and banking stocks.
Qatar Stock Exchange on Tuesday gained for the second day by another 45 points to inch near the 10,500 mark, mainly lifted by robust buying in the consumer goods and transport stocks.
Stronger buying – especially in insurance, real estate, consumer goods and telecom stocks –helped Qatar Stock Exchange gain 30 points to inch near the 10,450 mark.
Qatar Stock Exchange witnessed corrections, especially in the insurance, real estate and telecom sectors, and its key index settled a marginal 11 points lower.
Qatar Stock Exchange (QSE), which witnessed weak sentiments during the first three days of the week, later on gained on renewed hopes of production freeze, which sent global oil prices above $41 a barrel.
A sustained weakness in the oil market, where prices now trade around $38 a barrel, has hit sentiments in the Qatar Stock Exchange, which on Tuesday plunged 118 points to settle below the 10,200 mark.
Oil price rebound to above $40 a barrel had its reflection in the Qatar Stock Exchange (QSE), which was the second best performer within the Gulf bourses during the week.
Firm oil prices had had its reflection on the equity front with the Qatar Stock Exchange (QSE) gaining a robust 289 points to surpass the 10,100 mark and capitalisation enhance about QR14bn during the week.
