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.
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.