The Qatar Stock Exchange on Monday fell for the second straight session by another huge 122 points to settle below 8,900 levels on an across-the-board selling pressure, especially in telecom, realty, transport and industrials.
An across-the-board selling — especially in realty, telecom, transport and industrials — on Sunday dragged the Qatar Stock Exchange below 9,000 points.
The Qatar Stock Exchange witnessed heavy profit booking, especially by foreign institutions, leading to a huge 252 points plunge this week.
The Qatar Stock Exchange on Thursday inched near 9,500 levels, mainly on strong buying support from foreign institutions.
Buoyant corporate earnings outlook on Wednesday helped the Qatar Stock Exchange cross 9,300 levels with ease as market capitalisation surpassed QR510bn.
The Qatar Stock Exchange stood high above 9,200 levels despite decliners outnumbering gainers and selling pressure within small and midcap equities this week.
The Qatar Stock Exchange saw local retail investors turn net buyers but overall it plummeted 228 points to settle below 9,000 levels.
Qatar Stock Exchange on Sunday opened the week on a stronger note to surpass 8,700 levels with an ease mainly on increased buying interests of local retail investors.
Small and micro-cap equities stole the limelight this week in the Qatar Stock Exchange, which settled at more than 8,600 points.
The Qatar Stock Exchange on Wednesday remained above the 8,600 level although it witnessed a minor correction owing to selling pressure, especially in insurance, real estate, industrials and consumer goods.
The Qatar Stock Exchange on Tuesday opened the year on a stronger footing with its key barometer surpassing 8,600 levels on an across the board buying, particularly in the real estate and consumer goods counters.
The 2018 budget continued to support the Qatar Stock Exchange this week which saw another 409 points addition in key barometer and more than QR22bn in capitalisation.