The Qatar Stock Exchange settled near 10,500 levels this week which saw the listed companies cumulatively report net profit of QR10.49bn in the first three months of this year.
Buying interests, especially in the real estate and industrials counters, on Tuesday lifted the Qatar Stock Exchange after three consecutive days of bearish spell.
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 Qatar Stock Exchange on Thursday witnessed about 67% of the traded constituents returned gains, thus helping its benchmark surpass the 10,250 level.
Domestic funds’ increased buying interests on Thursday led the Qatar Stock Exchange to gain 28 points to inch near the 10,200 level.
Higher demand, especially for insurance, transport and industrials equities Tuesday led the Qatar Stock Exchange inch near 10,200 levels.
Foreign institutions’ increased buying interests on Monday lifted the Qatar Stock Exchange above 10,500 levels.
The Qatar Stock Exchange on Sunday opened the week weak, mainly dragged by transport and telecom counters.
The Qatar Stock Exchange, which witnessed a huge decline initially, was later able to cover some lost ground this week, mainly on domestic funds’ buying support.
Increased buying interests of foreign institutions on Wednesday led the Qatar Stock Exchange (QSE) into a positive trajectory to inch near 10,000 levels.
The Qatar Stock Exchange on Tuesday witnessed increased buying interests from domestic funds, yet its key index settled marginally lower.