The Qatar Stock Exchange had witnessed its key index break 10,600 points intraweek although it settled below that level, amidst stock split implementation by banking and financial services segment.
The Qatar Stock Exchange on Wednesday crossed the 10,600 levels mainly on the back of strong buying, especially in the banking, industrials and telecom equities.
An across-the-board buying – especially within the insurance, banks, telecom and realty sectors – Tuesday lifted the Qatar Stock Exchange by another 81 points as its key index inched near the 10,600 level.
With more listed banking constituents implementing stock split, the Qatar Stock Exchange Monday reported robust expansion in volume and turnover and its key index gained a huge 208 points to cross the 10,500 levels with ease.
The Qatar Stock Exchange settled near 10,500 levels this week which saw the listed companies cumulatively report net profit of QR10.49bn in the first three months of this year.
Buying interests, especially in the real estate and industrials counters, on Tuesday lifted the Qatar Stock Exchange after three consecutive days of bearish spell.
Qatar Stock Exchange continued to remain under selling pressure for the third straight session Monday, mainly owing to domestic and Gulf institutions’ bearish outlook.
The Qatar Stock Exchange witnessed gains of up to 103 points to stay above 10,450 levels this week despite more than 67% of the traded constituents being in the red.
The Qatar Stock Exchange on Sunday opened the week on a stronger note, albeit at lower levels, mainly lifted by increased buying interests of the Gulf institutions.
More than 57% of the traded constituents extended gains on the Qatar Stock Exchange, whose key index inched near 10,350 levels this week.
Four of the five days witnessed modest to strong buying interests in the Qatar Stock Exchange, thus helping it settle above 10,250 levels this week which saw Qatar Financial Market Authority outline detailed timetable for implementing stock split.