Increased buying interests from foreign funds and local retail investors on Monday drove the Qatar Stock Exchange up to surpass 8,900 levels.
The Qatar Stock Exchange remained under the bearish spell for the third consecutive day on Thursday and lost 75 points to settle below 8,800 levels.
Strong buying – especially in telecom, real estate and transport counters– on Sunday gave more than 102 points thrust to the Qatar Stock Exchange, which inched near 9,000 levels.
The Qatar Stock Exchange on Sunday opened the week weak despite buying interests in Islamic equities. The 20-stock Qatar Index declined for the second day by 0.3% to 8,891.89 points.
The Qatar Stock Exchange witnessed more than 64% of the traded constituents decline but overall it settled 126 points higher this week, riding on the waves of increased foreign ownership limits in certain underlying scrips.
The Qatar Stock Exchange on Thursday witnessed local retail investors turn bearish and their non-Qatari counterparts increasingly book profits, after three consecutive days of a bull-run.
The Qatar Stock Exchange on Wednesday continued its bullish run, albeit slower, for the third day despite strong selling at the transport and insurance counters.
The Qatar Stock Exchange on Thursday snapped six consecutive days of bearish spell to settle higher on strong buying support from Gulf and foreign institutions.