Santhosh V. Perumal

The Qatar Stock Exchange on Sunday opened the week on a stronger note, albeit at lower levels, mainly lifted by increased buying interests of the Gulf institutions.

More than 57% of the traded constituents extended gains on the Qatar Stock Exchange, whose key index inched near 10,350 levels this week.

The bullish outlook of domestic institutions and foreign funds’ increased buying interests on Thursday led the Qatar Stock Exchange gain more than 40 points.

Strong buying – especially in the real estate, insurance and industrials sectors – helped the Qatar Stock Exchange surpass 10,300 levels with an ease.

Foreign institutions’ bullish outlook on Tuesday helped the Qatar Stock Exchange gain more than 37 points to overall surpass 10,250 levels.

Insurance and telecom counters witnessed strong buying interests, but overall, the Qatar Stock Exchange was on a negative turf for the second straight session on Monday.

Qatar Stock Exchange on Sunday opened the week weak, mainly dragged by insurance, industrial and telecom sectors, but remained above 10,200 levels.

Four of the five days witnessed modest to strong buying interests in the Qatar Stock Exchange, thus helping it settle above 10,250 levels this week which saw Qatar Financial Market Authority outline detailed timetable for implementing stock split.