Global factors such as expectations of sharper US rate hike and volatile Russia-Ukraine crisis played spoilsport in the markets, including the Qatar Stock Exchange, which saw its key index plunge 178 points and capitalisation erode QR10bn
Reflecting the global growth worries, the Qatar Stock Exchange Sunday saw heavy profit booking and its key index plummeted 165 points and capitalisation eroded more than QR8bn.
Robust earnings of the listed companies in the first half and a lower than expected inflation in the US lifted sentiments in the Qatar Stock Exchange, which otherwise saw weakened trading volumes this week.
Strong earnings, especially in the underlying stocks, brightened the sentiments on the Qatar Stock Exchange (QSE), whose key index vaulted 183 points to inch towards 13,600 levels.
Strong buying, especially in the insurance, transport and telecom counters Wednesday helped Qatar Stock Exchange gain 84 points and its capitalisation expanded about QR5bn.
Strong oil prices and corporate earnings Sunday led Qatar Stock Exchange vault 248 points and its key index inched towards 13,400 levels.
The Qatar Stock Exchange Monday rose 0.25% on the back of strong buying in the telecom, transport, industrials and consumer goods counters.
Ahead of the US Federal Reserve’s meeting, the Qatar Stock Exchange plummeted 105 points to close below 11,700 points on an across the board selling, particularly in the telecom, realty and industrials.
Reflecting the global sentiments on higher-than-expected inflation in the US and the re-imposition of lockdown in China, the Qatar Stock Exchange on Sunday saw its key index tank 182 points and capitalisation erode QR8bn.
The Qatar Stock Exchange on Wednesday lost 86 points and its key index retreated below 13,000 levels, mainly dragged by transport, telecom and banking sectors.
The Qatar Stock Exchange closed the week of a higher note despite the global concerns of rising inflation and hardening interest rates.
The Qatar Stock Exchange on Wednesday witnessed five of the seven sectors under the buying spotlight, even as it fell 16 points.