The Qatar Stock Exchange (QSE) largely reflected the sentiments in the global markets and plummeted 314 points to settle at sub-9000 levels this week.
The Qatar Stock Exchange on Thursday settled marginally higher despite five of the seven sectors having faced selling pressure.
Robust buying interests of local retail investors notwithstanding, the Qatar Stock Exchange on Wednesday saw further profit booking to drag its index, which stood above 9,200 points.
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 Qatar Stock Exchange on Thursday saw both domestic and Gulf institutions turn net buyers but it still closed in the negative.
Foreign funds’ increased buying support and their domestic counterparts’ substantially weakened net selling on Wednesday helped the Qatar Stock Exchange snap three days of bearish spell.
The Qatar Stock Exchange on Tuesday treaded a flat path despite bullish outlook of local retail investors and considerable weakening of domestic funds’ net selling.
Robust buying in real estate and industrials counters on Wednesday extended the bullish run on the Qatar Stock Exchange for the fourth straight session and its key index surpassed 8,300 levels.
Robust buying interests of domestic institutions and local retail investors notwithstanding, the Qatar Stock Exchange fell for the second day on Wednesday and its key barometer settled below 8,200 levels.