Islamic equities defied the overall bearish trend on the Qatar Stock Exchange, which lost about 47 points in its key barometer this week.
Investors’ stronger penchant for Islamic equities was visible on the Qatar Stock Exchange, which on Tuesday gained 25 points; but failed to break the break the 9,400 resistance levels.
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.
A day after making huge gains, the Qatar Stock Exchange on Thursday remained flat despite weakened selling pressure from domestic institutions and local retail investors.
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 largely remained flat on Wednesday despite strong buying interests in the Islamic equities.
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 saw gains in about 67% of the traded stocks, mostly small and midcaps with Islamic equities outshining, but overall its key barometer largely remained flat.
Student protesters have threatened to block next week’s planned resumption of lectures at a prestigious South African university if fees are not scrapped immediately, officials and students said.