Robust demand especially at transport and consumer goods counters rather imparted a 0.6% thrust to the 20-stock Qatar Index to 9,990.17 points.
Foreign institutions’ sustained buying interests on Tuesday lifted the Qatar Stock Exchange for the third straight session and its key index settled above 9,800 levels.
The Qatar Stock Exchange on Tuesday overcame selling pressure from local retail investors as it settled marginally higher amidst lower trade turnover.
Strong buying interests of foreign institutions on Monday imparted sufficient thrust to the Qatar Stock Exchange, whose key sensitive index surpassed 9,400 levels.
An across-the-board selling – particularly in telecom, real estate, banking and industrials – on Tuesday snapped two consecutive days of bullish run in the Qatar Stock Exchange and its key barometer shrank 114 points.
Riding on the wave of higher foreign ownership limits by certain constituents and robust first quarter financial performance, the Qatar Stock Exchange on Wednesday gained more than 97 points to surpass 9,000 levels.
The Qatar Stock Exchange on Tuesday extended gains to the second straight session to inch near 9,000 points, mainly lifted by real estate and insurance scrips.
The Qatar Stock Exchange on Sunday opened the week weak despite buying interests in Islamic equities. The 20-stock Qatar Index declined for the second day by 0.3% to 8,891.89 points.
The Qatar Stock Exchange on Thursday witnessed local retail investors turn bearish and their non-Qatari counterparts increasingly book profits, after three consecutive days of a bull-run.
The Qatar Stock Exchange on Wednesday continued its bullish run, albeit slower, for the third day despite strong selling at the transport and insurance counters.
The Qatar Stock Exchange continued to be under bearish spell for the second day on Thursday, mainly owing to increased selling pressure from foreign funds.