Strong buying interests of local and non-Qatari retail investors lifted the Qatar Stock Exchange above 8,200 levels, apparently taking cue from Premier’s assurance on reinvigorating private sector.
Snapping six days of bull-run, investors sought to book profits on the Qatar Stock Exchange, leading it settle at a little over 8,400 points.
Strong buying interests from Gulf institutions yesterday extended the bullish run at the Qatar Stock Exchange for the fourth straight session as its key index broke the 8,400 resistance level.
Snapping 11 consecutive days of bearish spell, the Qatar Stock Exchange closed in the positive, mainly on strong buying support from domestic institutions.
The Qatar Stock Exchange on Sunday witnessed stronger buying interests of domestic institutions even as it settled weak at sub-8,400 levels.
Local retail investors and domestic institutions were seen supporting the Qatar Stock Exchange with their stronger buying support this week.
Real estate and consumer goods counters yesterday witnessed strong demand despite a marginal decline in the Qatar Stock Exchange.
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.