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.
Stronger oil prices and an expansionary budget had their positive influence on the Qatar Stock Exchange, which gained 308 points in its key index and more than QR20bn in capitalisation last week.
Foreign funds’ substantially increased buying interests on Monday led the Qatar Stock Exchange gain 142 points to drive its key index near 10,500 levels and more than QR9bn in capitalisation.
Foreign institutions’ stronger buying interests on Thursday lifted the Qatar Stock Exchange more than 70 points to surpass 10,350 levels and capitalisation add in excess of QR4bn.
Commercial banks' brokerage businesses displayed a robust performance compared with that of the conventional entities during 2018, indicating the increased contribution to the non-interest earnings of the lenders, according to the Qatar Stock Exchange data.
The Qatar Stock Exchange settled 15 points higher Monday, but a tad below the 10,300 levels on the last day of trading in 2018, as it saw stronger buying interests especially within insurance, real estate and banking counters.
The Qatar Stock Exchange on Sunday witnessed strong buying interests at the consumer goods and transport counters, but it settled marginally weak.
The Qatar Stock Exchange (QSE) brought out the best performance in the world in 2018 with about 20% returns, a far higher than that offered in the neighbourhood; denting the hopes of the Saudi-led quartet that imposed trade and economic blockade on Doha.
The Qatar Stock Exchange on Wednesday fell further to remain below 10,300 levels, mainly on profit booking pressure from local and non-Qatari retail investors.