The Qatar Stock Exchange recorded substantial jump in trade turnover and volumes as it leaped 97 points to inch near 8,900 levels.
The Qatar Stock Exchange on Thursday reversed a five-day bearish spell to gain 77 points and settle near 8,700 points mainly on strong demand at the consumer goods, transport, industrials and real estate counters.
Foreign institutions’ strong profit booking pressure on Wednesday dragged Qatar Stock Exchange for the fifth straight session by a huge 277 points to settle below 8,700 levels.
The Qatar Stock Exchange on Thursday witnessed profit-booking pressure, particularly from non-Qatari individuals and foreign funds, and settled lower but continued to remain above 9,000 levels.
The Qatar Stock Exchange on Wednesday surpassed 9,000 levels on strong buying interests, particularly in the telecom and realty counters.
Foreign funds’ bullish outlook on Monday steered the Qatar Stock Exchange back onto the positive trajectory as capitalisation touched QR516bn.
The Qatar Stock Exchange was on a highly volatile mode on Sunday to witness 55 points decline and settle below 9,200 levels.
The Qatar Stock Exchange on Thursday stood above 9,200 level and capitalisation rose to QR505bn on the back of strong buying in consumer goods, banking and telecom counters.
Strong correction, especially in realty and insurance, drove the Qatar Stock Exchange down on Wednesday, even as it stood above 9,100 levels.