The Qatar Stock Exchange was back in the negative trajectory mainly on heightened profit-booking by domestic institutions.
US President Donald Trump said Sunday he was working with his Chinese counterpart Xi Jinping to prevent telecom giant ZTE from going out of business after it was hit by an American technology sales ban.
The Qatar Stock Exchange remained under the bearish spell for the third consecutive day on Thursday and lost 75 points to settle below 8,800 levels.
An across-the-board selling – particularly in telecom, real estate, banking and industrials – on Tuesday snapped two consecutive days of bullish run in the Qatar Stock Exchange and its key barometer shrank 114 points.
An across-the-board selling — notably in realty, telecom and insurance — on Thursday led the Qatar Stock Exchange plummet 148 points for the fourth straight session and capitalisation erode more than QR9bn.
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 Thursday snapped six consecutive days of bearish spell to settle higher on strong buying support from Gulf and foreign institutions.
The Qatar Stock Exchange (QSE) on Tuesday gained for the second consecutive day to inch near 9,000 levels, mainly on the back of strong buying interests of domestic institutions.
Vodafone Qatar on Tuesday almost touched the upper 10% circuit filter in an otherwise bearish Qatar Stock Exchange, which continued to remain at sub-9,000 levels for the second straight session.