Strong correction, especially in realty and insurance, drove the Qatar Stock Exchange down on Wednesday, even as it stood above 9,100 levels.
The Qatar Stock Exchange on Tuesday bounced back to inch near 9,200 levels and capitalisation reached above QR504bn mainly on the back of strong bullish outlook of foreign institutions.
The Qatar Stock Exchange on Tuesday treaded a flat path despite bullish outlook of local retail investors and considerable weakening of domestic funds’ net selling.
Foreign institutions’ sustained strong buying on Thursday lifted the Qatar Stock Exchange for the fifth consecutive day, albeit at lower levels.
The Qatar Stock Exchange on Tuesday gained for the third straight session, mainly on the back of strong buying interests in the industrials and telecom equities.
Robust buying interests of domestic institutions and local retail investors notwithstanding, the Qatar Stock Exchange fell for the second day on Wednesday and its key barometer settled below 8,200 levels.
The Qatar Stock Exchange continued its upward path for the second straight session on Thursday mainly on buying interests in the industrials stocks.
An across-the-board buying, particularly in the real estate and banking stocks, on Wednesday led the Qatar Stock Exchange remain bullish for the second consecutive day and its key index crossed the 8,300 level with an ease.
The Qatar Stock Exchange continued to remain under bearish sentiments on Thursday as its key index settled at little over 8,400 points despite stronger buying especially at the real estate counter.