Institutional investors were increasingly net buyers as the Qatar Stock Exchange (QSE) displayed strong bullish sentiments this week.
The Qatar Stock Exchange on Thursday continued to remain under bearish spell mainly on increased net selling by local retail investors and foreign funds’ bearish outlook.
The Qatar Stock Exchange on Tuesday overcame selling pressure from local retail investors as it settled marginally higher amidst lower trade turnover.
The Qatar Stock Exchange saw six of the seven sectors under bearish spell, yet it settled in the positive terrain on Sunday.
Islamic stocks were seen outperforming conventional ones this week in the Qatar Stock Exchange (QSE) which added a huge 235 points to its key index and more than QR10bn to capitalisation.
Four days of continuous gains on Thursday gave way to profit-booking on the Qatar Stock Exchange, which settled 85 points lower at sub-9,300 levels.
The Qatar Stock Exchange settled below 8,600 levels as domestic institutions turned profit takers this week.
The Qatar Stock Exchange lost a sizeable 366 points in its key barometer and QR20bn in capitalisation as dividend woes had cast its spell this week.
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.