The Qatar Stock Exchange on Thursday continued to remain under bearish spell despite strong buying support from domestic and Gulf funds.

The Qatar Stock Exchange continued its bearish spell for the fifth consecutive day on Monday and remained under 9,700 levels, mainly dragged by local retail investors.

An across-the-board buying on Wednesday gave a huge 236 points thrust to the Qatar Stock Exchange, which overcame the three days of bearish spell to settle near 8,900 levels.

Reflecting the weak sentiments elsewhere in the world, the Qatar Stock Exchange on Tuesday continued to remain under bearish spell for the third straight session, losing more than 186 points to settle below 8,700 levels.

Qatar Stock Exchange continued to be under bearish spell to trade under 8,600 levels as foreign funds largely kept away from the market in view of Christmas.

Strong rebound in the insurance and telecom counters on Tuesday helped the Qatar Stock Exchange enter positive trajectory after two days of bearish spell.

Foreign institutions’ buying support lifted the Qatar Stock Exchange after five days of bearish spell.

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.

Snapping 11 consecutive days of bearish spell, the Qatar Stock Exchange closed in the positive, mainly on strong buying support from domestic institutions.

The Qatar Stock Exchange remained under bearish spell for the second day to retreat below 10,100 levels, mainly dragged by telecom and consumer goods equities.

Qatar Stock Exchange reversed three days of bearish spell and its key index gained 15 points to inch near the 10,000 mark.

Qatar Stock Exchange continued to be under bearish spell for the second straight session, albeit at lower levels, mainly dragged by realty and industrials.