An across-the-board selling — notably in realty, telecom and insurance — on Thursday led the Qatar Stock Exchange plummet 148 points for the fourth straight session and capitalisation erode more than QR9bn.
Riding on the wave of higher foreign ownership limits by certain constituents and robust first quarter financial performance, the Qatar Stock Exchange on Wednesday gained more than 97 points to surpass 9,000 levels.
The Qatar Stock Exchange on Thursday snapped six consecutive days of bearish spell to settle higher on strong buying support from Gulf and foreign institutions.
The Qatar Stock Exchange (QSE) on Tuesday gained for the second consecutive day to inch near 9,000 levels, mainly on the back of strong buying interests of domestic institutions.
Vodafone Qatar on Tuesday almost touched the upper 10% circuit filter in an otherwise bearish Qatar Stock Exchange, which continued to remain at sub-9,000 levels for the second straight session.
Qatar Stock Exchange witnessed strong buying in insurance, realty and telecom counters but overall it settled 0.09% lower; yet remained above 9,000 levels.
The Qatar Stock Exchange on Wednesday surpassed 9,000 levels on strong buying interests, particularly in the telecom and realty counters.
The Qatar Stock Exchange (QSE) largely reflected the sentiments in the global markets and plummeted 314 points to settle at sub-9000 levels this week.
Qatar Stock Exchange on Thursday largely treaded a flat course despite strong buying at the transport, consumer goods, banking and telecom counters.