Stronger selling pressure, especially in insurance, real estate and transport counters, was witnessed on the Qatar Stock Exchange, which remained above 8,700 levels on Wednesday.
Qatar Stock Exchange on Wednesday sunk below 8,600 levels mainly on strong selling pressure in the banking, industrials and real estate equities.
The Qatar Stock Exchange continued to be under bearish spell for the second day on Thursday, mainly owing to increased selling pressure from foreign funds.
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.
Foreign institutions were found increasingly net buyers on the Qatar Stock Exchange, which otherwise fell for the third straight session to settle at little over 8,200 points.
Aided by strong buying support from domestic institutions, the Qatar Stock Exchange (QSE) inched near its pre-crisis peak this week.
Gulf and domestic institutions’ bearish outlook on Thursday extended the bearish run on the Qatar Stock Exchange for the sixth consecutive day.
Selling pressure – especially in insurance, telecom, transport and consumer goods – dragged the 20-stock Qatar Index 0.39% to 10,295.96 points.
Qatar Stock Exchange (QSE) continued to witness bearish pressure for the second day on Tuesday as Gulf and domestic institutions turned profit takers.