The Qatar Stock Exchange hit a four-month low last week as its benchmark plummeted 564 points and capitalisation eroded about QR39bn on apprehensions over lackadaisical financial results of certain underlying constituents.
The Qatar Stock Exchange lost heavily, by more than 215 points, in its key index and about QR12bn in capitalisation last week, which witnessed global prices on a general declining trend owing to apprehensions over global economic slowdown.
Strong buying interests, especially in the transport and real estate sectors, on Monday lifted the Qatar Stock Exchange above the 10,700 level.
The Qatar Stock Exchange on Friday opened the week weak to retreat below 10,700 levels despite more than 53% of the constituents extending gains.
Substantially robust buying interests of foreign institutions was, to a great extend, masked by stronger selling pressure from local retail investors that the Qatar Stock Exchange settled marginally higher (0.07%) this week.
The bearish outlook of domestic funds landed the Qatar Stock Exchange in the negative turf; even as its key index remained above 10,700 levels this week.
Strong selling pressure — especially within real estate, transport and industrials — om Wednesday dragged the Qatar Stock Exchange for the fourth straight session and capitalisation eroded more than QR3bn.
The Qatar Stock Exchange on Tuesday continued its bearish spell for the third consecutive day to settle below 10,700 levels, mainly dragged by local retail investors and domestic funds.
Qatar Stock Exchange fell for the second straight session, mainly dragged by transport, insurance, consumer goods and industrials sectors.
The Qatar Stock Exchange on Sunday opened the week weak as six of the seven sectors were under profit-booking pressure.
Foreign and domestic institutions’ increased buying interests helped the Qatar Stock Exchange reach two-year high last week, reflecting the positive sentiments in view of the robust macroeconomic fundamentals.