The Qatar Stock Exchange was back in the negative trajectory to retreat below 9,000 points mainly on increased profit booking by foreign institutions.
Ahead of the Eid holidays, the Qatar Stock Exchange on Thursday snapped five days of bearish spell, amidst heavy trading, especially due to the banking scrips.
The Qatar Stock Exchange on Wednesday continued its bearish run for the fifth straight session to settle below 9,100 levels, mainly on increased selling pressure from domestic funds.
Foreign institutions’ substantially stronger buying interests on Monday lifted the Qatar Stock Exchange above 9,100 levels and capitalisation expanded more than QR11bn.
Buoyancy in the global oil market and domestic factors led the Qatar Stock Exchange witness its capitalisation surpass QR500bn mark this week.
Increased buying interests from foreign funds and local retail investors on Monday drove the Qatar Stock Exchange up to surpass 8,900 levels.
The Qatar Stock Exchange remained under the bearish spell for the third consecutive day on Thursday and lost 75 points to settle below 8,800 levels.
Strong buying – especially in telecom, real estate and transport counters– on Sunday gave more than 102 points thrust to the Qatar Stock Exchange, which inched near 9,000 levels.