The Qatar Stock Exchange on Tuesday extended gains to the second straight session to inch near 9,000 points, mainly lifted by real estate and insurance scrips.
The Qatar Stock Exchange continued its bullish run for the second day on Tuesday to surpass 9,000 levels mainly on strong buying interests of domestic funds.
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.
The Qatar Stock Exchange settled below 8,600 levels as domestic institutions turned profit takers this week.
Qatar Stock Exchange on Wednesday sunk below 8,600 levels mainly on strong selling pressure in the banking, industrials and real estate equities.
UDC chairman Turki bin Mohamed al-Khater said as part of UDC’s efforts to diversify its offerings, the 300,000-sq-m island will be an extension of The Pearl-Qatar.
The Qatar Stock Exchange on Thursday reversed a five-day bearish spell to gain 77 points and settle near 8,700 points mainly on strong demand at the consumer goods, transport, industrials and real estate 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 Cabinet has approved a draft law on regulating the ownership and usage of real estate by non-Qataris in the country.