Higher foreign ownership limits and buoyancy in the first quarter financials had their way in lifting the Qatar Stock Exchange to near-9,200 levels and add capitalisation more than QR20bn this week.
Riding on the wave of higher foreign ownership limits by certain constituents and robust first quarter financial performance, the Qatar Stock Exchange on Wednesday gained more than 97 points to surpass 9,000 levels.
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 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 continued its bullish run for the second day on Tuesday to surpass 9,000 levels mainly on strong buying interests of domestic funds.
The Qatar Stock Exchange on Monday gained 155 points to surpass the 8,900 level with the Qatar Central Securities Depository allowing higher up to 49% foreign ownership limits in the energy related companies and in a Shariah-principled lender.
Increased buying support from foreign funds and local retail investors lifted the Qatar Stock Exchange by a huge 219 points to place its sensitive index near the 8,800 mark this week.
The Qatar Stock Exchange continued its upward rally for the second straight session on Monday as its key index surpassed 8,700 levels, mainly on the back of buying interests in foreign institutions.