Foreign institutions’ increased buying interests on Thursday lifted the Qatar Stock Exchange more than 23 points, after five consecutive days of bearish spell.
The Qatar Stock Exchange was overall in the negative, losing more than 109 points this week despite stronger buying, particularly within the real estate counter.
Foreign institutions’ buying support on Tuesday lifted Qatar Stock Exchange more than 67 points to place its key barometer above 10,400 levels.
An across the board buying – particularly in insurance and transport counters – on Wednesday lifted the Qatar Stock Exchange 122 points, thus ending four consecutive days of bearish spell.
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.