Domestic funds turned bullish and there was substantially lower net selling by local retail investors on the Qatar Stock Exchange (QSE), which otherwise had once touched a six-year low this week.
Strong buying especially in telecom on Thursday instilled bullish momentum on the Qatar Stock Exchange.
The present Gulf crisis has so far proven Qatar’s robust ‘alternative line of defence’ in a bid to ensure sustained economic growth, according to a former diplomat from an Asian country.
The Qatar Stock Exchange on Wednesday settled below 7,800 levels on an across-the-board selling, particularly in real estate, transport and industrials counters.
Strong rebound in the insurance and telecom counters on Tuesday helped the Qatar Stock Exchange enter positive trajectory after two days of bearish spell.
The Qatar Stock Exchange continued to remain under bearish spell for the second day on Monday despite buying interests in the banking counter.
The Qatar Stock Exchange on Sunday opened the week weak despite buying interests at the insurance and telecom counters.
There is no more data