The Qatar Stock Exchange on Thursday witnessed Gulf funds turn bullish and Arab individuals increasingly bought equities; yet it settled 63 points lower.
A higher-than-average selling pressure in the real estate, consumer goods, telecom and transport counters on Wednesday led the Qatar Stock Exchange to decline 39 points.
The Qatar Stock Exchange on Thursday declined 47 points and its barometer reached less than 9,800 levels, mainly on higher than average selling pressure from the banking segment.
The Qatar Stock Exchange on Wednesday saw Baladna and Aamal Company surge on their inclusion in MSCI Qatar Index but overall the bourse’s key barometer lost 91 points.
Foreign institutions' net profit booking pressure on Monday further dragged the Qatar Stock Exchange 148 points to close beneath 8,300 levels and capitalisation erode QR10bn.
The Qatar Stock Exchange on Thursday snapped four days of a bullish run and its key index lost about 1%, mainly dragged by industrials and real estate equities.
An across-the-board selling, particularly in the industrials, on Monday dragged the Qatar Stock Exchange more than 274 points for the sixth straight session and its key barometer stood a little above 9,200 points.
Increased selling pressure from domestic funds on Thursday extended the bearish run on the Qatar Stock Exchange for the second straight session.
The Qatar Stock Exchange on Sunday witnessed five of the seven sectors reel under selling pressure, but overall it settled marginally higher.
The Qatar Stock Exchange on Wednesday weakened further to remain below 10,400 levels, mainly on increased net selling by local retail investors and weakened buying interests of foreign funds.