Attractive valuations and the continued positive sentiments on the consolidation wave in the domestic banking sector led the Qatar Stock Exchange (QSE) witness its key index barometer to surpass 9,300 levels
The consolidation wave in the domestic banking sector had a great influence on the Qatar Stock Exchange (QSE), whose capitalisation was seen gaining about QR10bn this week.
The Qatar Stock Exchange Monday lost 76 points to settle below 9,100 levels, mainly on foreign funds’ substantially increased net profit booking.
The bearish outlook of the Gulf institutions and the weakened buying interests of their domestic counterparts Sunday drove the Qatar Stock Exchange down 57 points.
Foreign funds were seen bearish and there was weakened buying interests from their domestic counterparts on the Qatar Stock Exchange this week, which saw global credit rating agency Fitch affirm
Domestic institutions’ strong penchant for buying Wednesday extended the bullish run on the Qatar Stock Exchange for the second straight session as its key index surpassed the 9,200 level.
Higher than average demand, especially for Islamic stocks, Tuesday lifted the Qatar Stock Exchange by more than 26 points.
The Qatar Stock Exchange Sunday opened the week weak and its key index retreated below 9,200 levels, mainly dragged by industrials and telecom sectors.
The lifting of sentiments on the gradual easing of Covid-19 related restrictions had its reflection on the Qatar Stock Exchange, which saw the addition of 379 points in its key index and more than QR20bn in capitalisation.
An across-the-board buying — particularly within industrials, transport and real estate counters — Tuesday lifted the Qatar Stock Exchange to place its key index near 9,100 levels.
The Qatar Stock Exchange Monday reflected the general global mood in the easing of Covid-19-led restrictions to gain a whopping 175 points to cross the 9,000 levels
The Qatar Stock Exchange on Sunday reopened after Eid holidays but settled lower mainly on substantially weakened buying interests of domestic funds.