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.
An across the board selling, particularly in the telecom, transport and insurance counters, Tuesday dragged the Qatar Stock Exchange more than 44 points.
Strong earnings, especially in the underlying stocks, brightened the sentiments on the Qatar Stock Exchange (QSE), whose key index vaulted 183 points to inch towards 13,600 levels.
The Qatar Stock Exchange witnessed five of the seven sectors under buying spotlight even as it treaded a flat path.
Strong buying, especially in the insurance, transport and telecom counters Wednesday helped Qatar Stock Exchange gain 84 points and its capitalisation expanded about QR5bn.
An across the board selling – particularly in the realty, industrials and telecom sectors Tuesday dragged the Qatar Stock Exchange and its key index fell 167 points and capitalisation eroded QR7bn.
Ahead of oil group’s meet to discuss supply adjustments, the Qatar Stock Exchange on Monday steered towards 13,500 levels, mainly on the back of strong buying in realty, telecom and banking sectors.
Strong oil prices and corporate earnings Sunday led Qatar Stock Exchange vault 248 points and its key index inched towards 13,400 levels.
The global recession fears had its overarching influence on the Qatar Stock Exchange, which saw its index tank 107 points and capitalisation erode QR11bn this week.
Global recession fears had its ripple effect on the Qatar Stock Exchange, which Wednesday fell 202 points.
The Qatar Stock Exchange Tuesday gained 46 points, mainly lifted by the transport and telecom equities. The domestic funds were seen net buyers as the 20-stock Qatar Index rose 0.37% to 12,263.01 points, recovering from an intraday low of 12,147 points.
The Qatar Stock Exchange Monday closed 55 points lower, mainly dragged by the consumer goods and industrials equities.