Ahead of the Eid holidays, the Qatar Stock Exchange on Thursday snapped five days of bearish spell, amidst heavy trading, especially due to the banking scrips.
The Qatar Stock Exchange on Wednesday continued its bearish run for the fifth straight session to settle below 9,100 levels, mainly on increased selling pressure from domestic funds.
Indian billionaire jeweller Nirav Modi, wanted over an alleged massive bank fraud, has fled to Britain where he is seeking asylum, according to a report Monday.
Four days of continuous gains on Thursday gave way to profit-booking on the Qatar Stock Exchange, which settled 85 points lower at sub-9,300 levels.
The Qatar Stock Exchange on Thursday slipped for the second straight sessions to sub-8,900 levels, mainly on selling pressure in real estate and banking counters.
The Qatar Stock Exchange on Monday shot up more than 132 points to cross the 9,100 levels.
The Qatar Stock Exchange on Sunday snapped four consecutive days of bullish run to witness its key index settle at sub-9,000 levels and capitalisation retreat below QR500bn.
Buoyancy in the global oil market and domestic factors led the Qatar Stock Exchange witness its capitalisation surpass QR500bn mark this week.
Increased buying interests from foreign funds and local retail investors on Monday drove the Qatar Stock Exchange up to surpass 8,900 levels.
The Qatar Stock Exchange on Tuesday edged down marginally despite strong buying interests in insurance and banking counters.