The Qatar Stock Exchange on Tuesday overcame selling pressure from local retail investors as it settled marginally higher amidst lower trade turnover.
Strong buying interests of foreign institutions on Monday imparted sufficient thrust to the Qatar Stock Exchange, whose key sensitive index surpassed 9,400 levels.
The Qatar Stock Exchange saw six of the seven sectors under bearish spell, yet it settled in the positive terrain on Sunday.
The bullish outlook of domestic funds helped the Qatar Stock Exchange (QSE) stay afloat in the positive trajectory this week which saw QNB report net profit of QR7.1bn in the first six months of this year.
Snapping eight consecutive days of bullish run, the Qatar Stock Exchange on Monday fell more than 60 points to retreat below 9,300 levels, mainly on increased net selling by foreign funds.
The Qatar Stock Exchange on Sunday opened the week strong and its key index surpassed 9,300 levels mainly on the back of strong buying interests within the banking counter.
Islamic stocks were seen outperforming conventional ones this week in the Qatar Stock Exchange (QSE) which added a huge 235 points to its key index and more than QR10bn to capitalisation.
The Qatar Stock Exchange Thursday continued its bullish run for the seventh consecutive day, mainly on strong buying interests of foreign institutions.
Domestic institutions’ bullish outlook and local retail investors’ weakened net selling on Wednesday extended the bullish run at the Qatar Stock Exchange to the sixth straight session as its key barometer crossed 9,200 levels.
Qatar Stock Exchange on Tuesday gained for the fifth day to inch near 9,200 levels and market capitalisation crossed QR500bn amidst increased trade turnover and volumes.
The Qatar Stock Exchange on Monday continued its bullish run for the third consecutive day, mainly on sustained strong buying interests from foreign funds.