The Qatar Stock Exchange on Sunday opened the week weak with its key index plummeting more than 147 points, mainly dragged by transport, real estate and industrials counters.
The foreign funds' substantial buying interests yesterday lifted the Qatar Stock Exchange by more than 199 points and its capitalisation gained about QR12bn, as markets worldwide discounted fears of global recession.
Global recession fears continued to play spoilsport in the Qatar Stock Exchange, which on Monday plummeted 164 points and its key index retreated below 12,300 levels.
The US rate hike continued to have its influence on the Qatar Stock Exchange, which Sunday opened the week weak and its key index tanked 192 points and capitalisation eroded QR12bn
The apprehensions over an expected extremely tight US monetary policy and later the sharp 75 basis points hike in rates by the US Federal Reserve had dampened sentiments on the Qatar Stock Exchange, which resulted in its key index plummet 600 points and capitalisation erode QR35bn.
Global factors such as expectations of sharper US rate hike and volatile Russia-Ukraine crisis played spoilsport in the markets, including the Qatar Stock Exchange, which saw its key index plunge 178 points and capitalisation erode QR10bn
Reflecting the global growth worries, the Qatar Stock Exchange Sunday saw heavy profit booking and its key index plummeted 165 points and capitalisation eroded more than QR8bn.
Rebound in oil prices at the end of last week helped improve sentiments on the Qatar Stock Exchange, which Sunday gained a huge 155 points and its key index crossed the 13,100 levels.
The Qatar Stock Exchange on Wednesday declined 100 points and capitalisation eroded more than QR6bn, reflecting the pessimism in the global market as oil plunged to seven-month low.
Strong buying interests in the industrials and transport counters Tuesday helped the Qatar Stock Exchange gain 16 points.
The Qatar Stock Exchange Sunday opened the week weak as its key index lost more than 51 points, although more than 55% of the traded constituents extended gains to investors.
Robust earnings of the listed companies in the first half and a lower than expected inflation in the US lifted sentiments in the Qatar Stock Exchange, which otherwise saw weakened trading volumes this week.