Foreign institutions’ substantially stronger buying interests lifted the Qatar Stock Exchange benchmark by more than 542 points and about QR30bn in capitalisation this week.
The Qatar Stock Exchange surged 341 points, its largest single-day gains in nine months, to inch near 10,300 levels, and capitalisation expanded more than QR18bn, mainly powered by blue chips.
Foreign institutions’ robust buying interests on Wednesday lifted the Qatar Stock Exchange by another 57 points as its benchmark neared the 9,800 level.
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.