The Qatar Stock Exchange on Tuesday surpassed 8,000 levels with ease, mainly on sustained buying interests of foreign institutions.
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.
The Qatar Stock Exchange on Thursday witnessed more than 65% of the traded stocks extend gains, enabling it to inch towards 9,550 levels.
Qatar Stock Exchange rebounded on Wednesday to surpass 9,500 levels, mainly on strong buying in the banking and real estate stocks.
Ex-dividend woes and Standard and Poor’s (S&P) ‘negative’ outlook on the country’s credit ratings hit the Qatar Stock Exchange (QSE), whose key index plunged 253 points and capitalisation eroded QR14bn this week.
Domestic institutions’ bearish outlook and weakened buying support from their Gulf counterparts led the Qatar Stock Exchange traverse the negative trajectory for the third consecutive session yesterday.
Large cap equities witnessed heavy offloading, which dragged the Qatar Stock Exchange (QSE) during the week, which also saw the advent of margin trading.