Qatar Stock Exchange comfortably sailed past the 11,100 mark to touch a new nine-month high despite strong selling pressure from local retail investors.
The Qatar Stock Exchange opened the week strong, surpassing the 11,000 level, mainly on the back of stronger buying support from Gulf and foreign institutions.
Qatar Stock Exchange witnessed strong selling and its key index fell 196 points to settle at a tad above 9,800 levels, as speculation was rife over US Fed rate hike...
Reflecting the strong gains in the global oil prices, which hit a six-and-a-half month high; Qatar Stock Exchange surpassed the 10,000 mark, mainly on strong buying interests from domestic and foreign institutions.
Notwithstanding the volatility in the global energy front, which led oil prices breach $45 a barrel, the Qatar Stock Exchange (QSE) saw its key index plunge 437 points and capitalisation erode about QR23bn during the week.