The Qatar Stock Exchange on Thursday inched near 10,200 levels mainly on the back of strong buying interests in consumer goods, banking and insurance equities.
The Qatar Stock Exchange on Thursday displayed strong bearish sentiments and its key index retreated below 9,900 levels mainly dragged down by transport and industrials equities.
Substantially stronger buying interests of foreign institutions imparted more than 124 points push to the Qatar Stock Exchange, which on Wednesday neared 10,000 resistance levels.
The Qatar Stock Exchange opened the week weak with its key index retreating below 9,900 levels as Gulf funds turned bearish and there was weakened net buying support from non-Qatari institutions.
Bullish sentiments continued on the Qatar Stock Exchange for the third consecutive day on Thursday to help the bourse to settle above 9,900 levels mainly on the back of buying interests from Gulf institutions.
Foreign institutions’ sustained buying support extended bullish power to the Qatar Stock Exchange, which on Thursday inched near 9,800 levels.
Sustained buying support from foreign institutions and lower net selling pressure from retail investors on Wednesday placed Qatar Stock Exchange in the positive trajectory.
The Qatar Stock Exchange on Sunday opened the week with minor gains despite five of the seven sectors reeling under selling pressure.
The Qatar Stock Exchange on Wednesday saw strong buying interests at the insurance counter but overall it settled in the negative at a tad above 9,800 levels.
Qatar Stock Exchange has excelled this year with it emerging as one of the strongest bourses in the world; year-to-date, its gains are up 16% on dollar terms and more than 15% on riyal terms.
The Qatar Stock Exchange continued to remain under the bearish spell for the second day on Monday, dropping more than 109 points, mainly dragged by banking and industrials equities.
The Gulf institutions bearish outlook and substantially weakened net buying interests of foreign funds on Wednesday steered the Qatar Stock Exchange onto the negative turf.