Domestic funds as well as local and foreign retail investors turned net buyers in an otherwise bearish Qatar Stock Exchange (QSE) this week, which saw energy prices soften after major global oil producers struck a compromise deal on supply.
The Qatar Stock Exchange on Sunday opened the week on a stronger note, mainly on the back of strong buying interests of the Arab individuals and the Gulf funds.
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The cabinet nod allowing the listed companies to increase the foreign ownership limit (FOL) up to 100% had significantly lifted the sentiments in the Qatar Stock Exchange (QSE) this week.
The increased buying support from the local retail investors Tuesday led the Qatar Stock Exchange inch near the 10,400 levels on across-the- board buying interests.
Local retail investors and Gulf funds on Sunday turned bullish in the Qatar Stock Exchange, which otherwise opened the week weak.
Strong buying – especially in the real estate, industrials and transport counters Sunday drove the Qatar Stock Exchange up more than 23 points and place its key barometer near the 10,200 levels.
Local retail investors and the Gulf funds continued to be net buyers but with lesser intensity in the Qatar Stock Exchange, which Tuesday lost 33 points to settle below 10,200 levels.
Domestic funds were Sunday seen bullish on the Qatar Stock Exchange, which otherwise closed in the negative.
The Qatar Stock Exchange on Sunday opened the week on a stronger note as its key index gained 16 points, mainly lifted by local and Arab individuals.