The Qatar Stock Exchange on Sunday opened the week on a stronger note and its key index gained more than 108 points to inch near the 10,600 levels, primarily lifted by weakened net selling by domestic funds and local retail investors.
The Qatar Stock Exchange saw more than 57% of the traded constituents extend gains to investors, yet it settled lower this week, which otherwise witnessed a deficit state budget for the fiscal 2021.
Global positive factors as the Covid-19 vaccine and robust domestic pipeline of projects had influenced the Qatar Stock Exchange, which witnessed more than 175 points addition to its key index and QR12bn in capitalisation this week.
The Qatar Stock Exchange witnessed more than 74% of the traded constituents end in the red this week, which saw markets already discount the positive news relating to the Covid-19 vaccine.
The Islamic equities were seen outperforming the conventional ones in the Qatar Stock Exchange, which on Sunday opened the week on a stronger note and its key barometer surpassed 9,900 levels.
The volatility in the US presidential election had its wider manifestations on the global financial market, including the Qatar Stock Exchange (QSE), which added 198 points to its key index and QR9bn in capitalisation this week.
Reflecting the rally in the global financial and oil markets owing to the volatility in the US presidential elections, the Qatar Stock Exchange on Thursday shot up 163 points to inch near 9,900 levels.
Driven by a “favourable” foreign exchange environment, Ooredoo Group’s nine-month net profit jumped 16% year-on-year to QR1.5bn, the global telecom company said last night.
Aamal Company has reported net profit of QR90.6mn on a 3% rise in total revenues to QR972mn, translating into earnings-per-share of QR0.01 at the end of the nine-month period ended September 30, 2020.