The Qatar Stock Exchange on Thursday gained 114 points to inch near the 10,200 level, mainly on strong buying support from domestic institutions in view of attractive valuations.
Strong buying interests at the transport and banking counters notwithstanding, the Qatar Stock Exchange on Wednesday largely treaded a flat path.
Foreign funds’ continued buying spree on Thursday gave a more than 123-point thrust to the Qatar Stock Exchange and placed its key barometer above 10,650 points, a near two-year high.
Strong buying in real estate and industrials on Thursday helped the Qatar Stock Exchange to snap three days of bearish spell as its key benchmark gained 23 points.
The Qatar Stock Exchange on Thursday inched near 10,400 levels, having gained 35 points mainly on the back of strong buying in telecom segment.
The Qatar Stock Exchange on Thursday inched near 10,200 levels mainly on the back of strong buying interests in consumer goods, banking and insurance equities.
Sustained buying support from foreign institutions and lower net selling pressure from retail investors on Wednesday placed Qatar Stock Exchange in the positive trajectory.
The Qatar Stock Exchange on Wednesday saw strong buying interests at the insurance counter but overall it settled in the negative at a tad above 9,800 levels.
Strong buying interests of foreign institutions helped the Qatar Stock Exchange comfortably settle above 10,000 levels this week.
Strong buying – especially in transport and real estate – on Thursday helped Qatar Stock Exchange break the 10,000 resistance level.
Foreign institutions’ sustained buying interests on Tuesday lifted the Qatar Stock Exchange for the third straight session and its key index settled above 9,800 levels.