International inventions to end the oil price war had its positive effect and was reflected on the Qatar Stock Exchange, which on Thursday gained more than 263 points and QR17bn in capitalisation.
The Qatar Stock Exchange on Thursday gained about 63 points to scale the 9,300 level, mainly lifted by banking, telecom and industrials sectors.
Domestic institutions’ increased buying interests on Thursday drove the Qatar Stock Exchange above 10,000 levels intraday and overall it settled 56 points higher.
An across the board selling — especially in the real estate, telecom and transport sectors — on Thursday dragged the Qatar Stock Exchange about 1%.
Foreign institutions’ bullish outlook on Tuesday lifted the Qatar Stock Exchange about 19 points but its key index was still below 10,300 levels.
The Gulf institutions were on Monday seen net profit takers in the Qatar Stock Exchange, which closed 41 points lower, amid heightened trading.
The Qatar Stock Exchange on Wednesday lost 75 points, mainly dragged by industrials, telecom and consumer goods equities, and its key index retreated below 10,400 levels.
An across the board buying – particularly in insurance and transport counters – on Wednesday lifted the Qatar Stock Exchange 122 points, thus ending four consecutive days of bearish spell.
Huge gains in the global energy market appear to have lifted sentiments in the Qatar Stock Exchange, which shot up 117 points to surpass 10,500 levels with an ease.
The Qatar Stock Exchange continued its bearish run for the seventh consecutive day on Monday to lose 188 points, thus settling below 9,800 levels, mainly dragged by foreign funds.
The Qatar Stock Exchange (QSE) on Tuesday settled marginally lower, mainly dragged by increased selling pressure from domestic funds.
The Qatar Stock Exchange on Monday lost a sizeable more than 140 points in its key index and about QR12bn in capitalisation, mainly owing to strong selling at the industrials and banking counters.