Local retail investors were increasingly net buyers and their Gulf counterparts turned bullish on the Qatar Stock Exchange, which otherwise settled below 10,500 levels.
Reflecting the rally in the global financial and oil markets owing to the volatility in the US presidential elections, the Qatar Stock Exchange on Thursday shot up 163 points to inch near 9,900 levels.
Qatar’s agreements with some 14 food companies signed last month to raise the State's strategic stock of food commodities, are considered sufficient to cover demand for a year, according to researcher ValuStrat.
The listed companies are required to enforce stock split, through which the nominal value of a share will become QR1 instead of the present QR10, from June 9 until July 7 ...
The Qatar Stock Exchange on Wednesday gained more than 76 points to surpass 10,500 levels, mainly lifted by consumer goods, insurance and industrials equities.
Robust demand, particularly within the banking and industrials counters, on Sunday helped the Qatar Stock Exchange gain 50 points to surpass 10,300 levels.
Qatar Stock Exchange (QSE) has seen its market capitalisation reach QR519.5bn at the end of the trading week that closed on Thursday.
Stronger net selling by domestic institutions extended the bearish spell on the Qatar Stock Exchange to the second day as its key index fell below the 10,400 mark.
The Qatar Stock Exchange gained 160 points to settle above the 10,400 mark, mainly on buying interests of foreign and Gulf institutions.
Qatar Stock Exchange (QSE) continued to be the worst performer among the Gulf bourses with it losing a sizeable more than QR15bn in capitalisation and 303 points in the key index during the week...
Stronger buying support from Gulf and foreign institutions led Qatar Stock Exchange gain another 64 points to settle close to the 11,300 mark.