Strong buying on the last day was of no avail to the Qatar Stock Exchange, which settled 170 points lower last week that saw Doha outline its ‘positive” economic outlook before the International Monetary Fund and the World Bank.
The Qatar Stock Exchange, which remained in the positive trajectory for most part of the session, finally settled almost flat despite strong buying interests in consumer goods and telecom stocks.
Foreign institutions’ sustained strong buying on Thursday lifted the Qatar Stock Exchange for the fifth consecutive day, albeit at lower levels.
Robust buying in real estate and industrials counters on Wednesday extended the bullish run on the Qatar Stock Exchange for the fourth straight session and its key index surpassed 8,300 levels.
The Qatar Stock Exchange on Tuesday gained for the third straight session, mainly on the back of strong buying interests in the industrials and telecom equities.
Foreign institutions turned bullish on the Qatar Stock Exchange, which otherwise hit a five-year low this week.
Defying institutional buying support, the Qatar Stock Exchange on Thursday closed in the negative for the third straight session.
Robust buying interests of domestic institutions and local retail investors notwithstanding, the Qatar Stock Exchange fell for the second day on Wednesday and its key barometer settled below 8,200 levels.
The Qatar Stock Exchange, which on Sunday revised the constituents in its indices, opened the week on a weak note and its key barometer settled near 8,300 levels.