The Qatar Stock Exchange on Monday crossed 9,100 levels mainly on the back of strong buying interests in the realty, transport and insurance equities.
The Qatar Stock Exchange on Sunday opened the week on a stronger note to inch near 9,100 levels mainly on stronger buying support from domestic institutions.
The Qatar Stock Exchange stood above 9,000 points for three of the four sessions this week as foreign institutions turned bullish.
The Qatar Stock Exchange on Monday fell for the second straight session by another huge 122 points to settle below 8,900 levels on an across-the-board selling pressure, especially in telecom, realty, transport and industrials.
An across-the-board selling — especially in realty, telecom, transport and industrials — on Sunday dragged the Qatar Stock Exchange below 9,000 points.
The Qatar Stock Exchange witnessed heavy profit booking, especially by foreign institutions, leading to a huge 252 points plunge this week.
The Qatar Stock Exchange scaled new highs of above 9,500 levels and capitalisation in excess of QR514bn this week on robust earnings outlook, and hence dividend expectations, as well as rising global oil prices.
Buoyant corporate earnings outlook on Wednesday helped the Qatar Stock Exchange cross 9,300 levels with ease as market capitalisation surpassed QR510bn.
The Qatar Stock Exchange stood high above 9,200 levels despite decliners outnumbering gainers and selling pressure within small and midcap equities this week.
The Qatar Stock Exchange inched near the 9,200 levels mainly on buying interests from foreign and domestic institutions.