The Qatar Stock Exchange Monday reflected the general global mood in the easing of Covid-19-led restrictions to gain a whopping 175 points to cross the 9,000 levels
The Qatar Stock Exchange on Sunday reopened after Eid holidays but settled lower mainly on substantially weakened buying interests of domestic funds.
The extension of bank guarantees for the private sector to one year has brightened the prospects in the Qatar Stock Exchange (QSE), which soared 137 points this week, ahead of Eid holidays.
The Gulf funds' increased net buying and local retail investors' bullish outlook yesterday lifted the Qatar Stock Exchange for the third straight session and its key index gained more than 54 points to inch near 8,900 levels.
The Qatar Stock Exchange Tuesday remained under bullish influence for the second straight session and its key index gained about 38 points to scale 8,800 levels, mainly lifted by the industrials segment.
Local retail investors’ increased net buying Monday lifted the Qatar Stock Exchange more than 65 points to place its key index near 8,800 levels.
The Qatar Stock Exchange on Sunday opened the week weak with its key index losing 36 points and settle below 8,700 levels, mainly dragged by Arab funds’ increased net profit booking.
The Qatar Stock Exchange (QSE) was overall on a slippery path this week which otherwise saw the global index compiler MSCI include Aamal Company and the newly listed Baladna in the MSCI Qatar small cap index.
Strengthened oil prices and relaxation of Covid-19 restrictions in many global jurisdictions had their positive influence on the Qatar Stock Exchange, which saw about 62% of the traded constituents extend gains this week.
The Qatar Stock Exchange, which once inched closer to 9,000 levels, however could not sustain the bullish sentiments and it Wednesday fell 41 points to settle near 8,800 points.
The Qatar Stock Exchange on Tuesday gained 132 points to inch near 8,800 levels, reflecting the optimism in the global arena on account of rising oil prices and easing of lockdown measures.
The Qatar Stock Exchange on Monday witnessed strong buying, especially in the real estate and transport counters; yet it settled 20 points lower amidst volatile trade.