Strong selling pressure — especially within real estate, transport and industrials — om Wednesday dragged the Qatar Stock Exchange for the fourth straight session and capitalisation eroded more than QR3bn.
The Qatar Stock Exchange on Tuesday continued its bearish spell for the third consecutive day to settle below 10,700 levels, mainly dragged by local retail investors and domestic funds.
Qatar Stock Exchange fell for the second straight session, mainly dragged by transport, insurance, consumer goods and industrials sectors.
The Qatar Stock Exchange on Sunday opened the week weak as six of the seven sectors were under profit-booking pressure.
Stronger oil prices and an expansionary budget had their positive influence on the Qatar Stock Exchange, which gained 308 points in its key index and more than QR20bn in capitalisation last week.
Foreign funds’ substantially increased buying interests on Monday led the Qatar Stock Exchange gain 142 points to drive its key index near 10,500 levels and more than QR9bn in capitalisation.
Foreign institutions’ stronger buying interests on Thursday lifted the Qatar Stock Exchange more than 70 points to surpass 10,350 levels and capitalisation add in excess of QR4bn.
The Qatar Stock Exchange settled 15 points higher Monday, but a tad below the 10,300 levels on the last day of trading in 2018, as it saw stronger buying interests especially within insurance, real estate and banking counters.
The Qatar Stock Exchange (QSE) brought out the best performance in the world in 2018 with about 20% returns, a far higher than that offered in the neighbourhood; denting the hopes of the Saudi-led quartet that imposed trade and economic blockade on Doha.