The Qatar Stock Exchange on Sunday opened the week strong to surpass 9,000 points, mainly on the back of buying interests of local retail investors.
The struggling telco said it would shed 8,000 jobs from a workforce of 32,000 to save A$1bn ($738mn).
The Qatar Stock Exchange on Wednesday continued its bearish run for the fifth straight session to settle below 9,100 levels, mainly on increased selling pressure from domestic funds.
Qatar Stock Exchange on Wednesday witnessed buying interests for the third straight session, mainly lifted by telecom, insurance and consumer goods.
Investors’ penchant for blue chips on Tuesday placed the Qatar Stock Exchange (QSE) above 9,300 levels and capitalisation expanded about QR9bn.
The Qatar Stock Exchange on Monday shot up more than 132 points to cross the 9,100 levels.
The Qatar Stock Exchange was back in the negative trajectory mainly on heightened profit-booking by domestic institutions.
US President Donald Trump said Sunday he was working with his Chinese counterpart Xi Jinping to prevent telecom giant ZTE from going out of business after it was hit by an American technology sales ban.
The Qatar Stock Exchange remained under the bearish spell for the third consecutive day on Thursday and lost 75 points to settle below 8,800 levels.
An across-the-board selling – particularly in telecom, real estate, banking and industrials – on Tuesday snapped two consecutive days of bullish run in the Qatar Stock Exchange and its key barometer shrank 114 points.