Rising geopolitical tensions and the US pullout from Iran nuclear deal had their reflections in the Qatar Stock Exchange, which saw more than QR6bn loss in capitalisation this week.
Qatar Stock Exchange on Thursday largely treaded a flat course despite strong buying at the transport, consumer goods, banking and telecom counters.
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.
The Qatar Stock Exchange on Thursday stood above 9,200 level and capitalisation rose to QR505bn on the back of strong buying in consumer goods, banking and telecom counters.
An across-the-board buying — particularly in the insurance and real estate — lifted the Qatar Stock Exchange (QSE) above 9,100 levels and market capitalisation exceeded QR500bn this week.
The Qatar Stock Exchange was back in the positive trajectory on an across-the-board buying, particularly at the realty, insurance and transport counters.
The Qatar Stock Exchange witnessed minor correction despite buying interests in four of the seven sectors.
Strong buying support from domestic and foreign funds notwithstanding, the Qatar Stock Exchange settled lower at sub-8,000 levels.