Strong buying – especially in the real estate, insurance and industrials sectors – helped the Qatar Stock Exchange surpass 10,300 levels with an ease.
Insurance and telecom counters witnessed strong buying interests, but overall, the Qatar Stock Exchange was on a negative turf for the second straight session on Monday.
Snapping five days of bearish spell, the Qatar Stock Exchange on Tuesday gained 22 points to inch near the 9,800 level mainly on increased buying support from domestic institutions.
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.