Qatar Stock Exchange snapped six consecutive days of bearish run and its key index gained, albeit at lower levels, despite strong buying support from foreign institutions.
Real estate and industrials stocks drove the Qatar Stock Exchange below the 10,400 mark.
The Qatar Stock Exchange was largely flat yesterday despite strong selling in consumer goods, transport and industrials counters.
Industrials and real estate stocks witnessed higher profit booking pressure to drive the Qatar Stock Exchange down 28 points; but overall it managed to stay above the 10,400 mark.
Qatar Stock Exchange opened the week rather on a flat note; although gainers outnumbered losers by a narrow margin.
Stronger net selling by local retail investors and domestic institutions on Thursday led Qatar Stock Exchange remain in the negative trajectory for the second straight session.
Qatar Stock Exchange on Wednesday witnessed profit booking – especially in consumer goods, insurance and industrials – to lose 32 points, thus failing to break the 10,500 resistance level
Qatar Stock Exchange on Monday surpassed the 10,400 mark, mainly on the buying support from foreign institutions.
Qatar Stock Exchange on Sunday opened the week weak on an across the board net selling – particularly in transport, insurance and industrials – and its key index fell 22 points.
Sentiments turned positive in the Qatar Stock Exchange (QSE) despite losers outnumbering gainers during the week, reflecting the rebound in the global oil prices.
Stronger net selling by domestic institutions extended the bearish spell on the Qatar Stock Exchange to the second day as its key index fell below the 10,400 mark.
The Qatar Stock Exchange (QSE) Index decreased by 78.13 points, or 0.75% during the week to close at 10,357.33. Market capitalisation decreased by 0.7% to QR556.6bn versus QR560.7bn at the end of the previous week.
