Foreign institutions on Thursday turned bullish on the Qatar Stock Exchange, which fell for the second day yesterday but remained above 9,500 points.
Stronger buying support from foreign and Gulf institutions on Monday lifted the Qatar Stock Exchange, which saw three-fourth of the traded constituents extent gains, thus helping it inch near 9,600 levels.
The Qatar Stock Exchange on Sunday witnessed its key barometer reach near 9,560 points intra-day but closed marginally lower at 9,500 levels despite buying support from foreign institutions.
The Qatar Stock Exchange on Thursday witnessed more than 65% of the traded stocks extend gains, enabling it to inch towards 9,550 levels.
Robust buying support from foreign and domestic institutions on Wednesday provided a huge more than 250-point thrust to take the Qatar Stock Exchange near 9,300 points altitude. More than 95% of the traded stocks gained and capitalisation rose about QR13bn to almost touch QR500bn.
Aided by foreign and domestic institutions amid a bullish outlook, the Qatar Stock Exchange Wednesday rebounded to post modest gains.
The Qatar Stock Exchange on Tuesday witnessed more than 76% of the traded stocks register gains and settled at a little less than the 9,000 level.
Reopening after week-long Eid al-Fitr holidays, the Qatar Stock Exchange saw strong buying support from foreign as well as domestic institutions and settled at a little over 8,800 points.
Domestic institutions’ buying support considerably strengthened Wednesday on the Qatar Stock Exchange, which however settled below 8,800 levels.
Qatar Stock Exchange (QSE) on Tuesday witnessed increased net buying support from local retail investors and domestic institutions as it settled near 9,000 points.