Foreign institutions’ sustained buying support extended bullish power to the Qatar Stock Exchange, which on Thursday inched near 9,800 levels.
The Qatar Stock Exchange on Thursday snapped six consecutive days of bearish spell to settle higher on strong buying support from Gulf and foreign institutions.
The Qatar Stock Exchange was on a highly volatile mode on Sunday to witness 55 points decline and settle below 9,200 levels.
Foreign funds’ increased buying support and their domestic counterparts’ substantially weakened net selling on Wednesday helped the Qatar Stock Exchange snap three days of bearish spell.
The Qatar Stock Exchange snapped four days of bearish spell, mainly on the back of strong buying in insurance, real estate and transport equities.
Defying institutional buying support, the Qatar Stock Exchange on Thursday closed in the negative for the third straight session.
Local retail investors and domestic institutions lend considerable buying support to the Qatar Stock Exchange, which however weakened for the second straight session to settle at little over 8,300 points.
Snapping 11 consecutive days of bearish spell, the Qatar Stock Exchange closed in the positive, mainly on strong buying support from domestic institutions.
Aided by strong buying support from domestic institutions, the Qatar Stock Exchange (QSE) inched near its pre-crisis peak this week.