Strong buying – especially in transport and real estate – on Thursday helped Qatar Stock Exchange break the 10,000 resistance level.
A day after making huge gains, the Qatar Stock Exchange on Thursday remained flat despite weakened selling pressure from domestic institutions and local retail investors.
The Qatar Stock Exchange on Thursday continued to remain under bearish spell mainly on increased net selling by local retail investors and foreign funds’ bearish outlook.
The Qatar Stock Exchange on Tuesday overcame selling pressure from local retail investors as it settled marginally higher amidst lower trade turnover.
The Qatar Stock Exchange saw six of the seven sectors under bearish spell, yet it settled in the positive terrain on Sunday.
The Qatar Stock Exchange on Sunday opened the week strong to surpass 9,000 points, mainly on the back of buying interests of local retail investors.
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.
Increased buying interests from foreign funds and local retail investors on Monday drove the Qatar Stock Exchange up to surpass 8,900 levels.
Rising geopolitical tensions and the US pullout from Iran nuclear deal had their reflections in the Qatar Stock Exchange, which saw more than QR6bn loss in capitalisation this week.
An across-the-board selling — notably in realty, telecom and insurance — on Thursday led the Qatar Stock Exchange plummet 148 points for the fourth straight session and capitalisation erode more than QR9bn.
The Qatar Stock Exchange on Tuesday extended gains to the second straight session to inch near 9,000 points, mainly lifted by real estate and insurance scrips.