Profit booking pressure in the telecom and banking sectors on Thursday further dragged the Qatar Stock Exchange to make it settle below 9,800 levels.
The diplomatic and trade blockade notwithstanding, Qatar has been witnessing steady recovery of banking flows into the country and non-resident capital flows are expected to reach $128bn this year ...
The Qatar Stock Exchange continued to remain under the bearish spell for the second day on Monday, dropping more than 109 points, mainly dragged by banking and industrials equities.
Foreign funds’ strong buying interests led the Qatar Stock Exchange make huge gains of 373 points to surpass the pre-blockade levels by a wide margin last week.
A day after making huge gains, the Qatar Stock Exchange on Thursday remained flat despite weakened selling pressure from domestic institutions and local retail investors.
Robust buying – especially in realty, insurance and banking – led the 20-stock Qatar Index gain for the fourth straight session by a huge 1.54% or 151 points to 9,976.51 points.
Foreign institutions’ sustained buying interests on Tuesday lifted the Qatar Stock Exchange for the third straight session and its key index settled above 9,800 levels.
The Qatar Stock Exchange largely remained flat on Wednesday despite strong buying interests in the Islamic equities.
The change of QIIB's outlook to "stable" is based on the operational environment flexibility in Qatar.
The Qatar Stock Exchange saw six of the seven sectors under bearish spell, yet it settled in the positive terrain on Sunday.
Islamic stocks were seen outperforming conventional ones this week in the Qatar Stock Exchange (QSE) which added a huge 235 points to its key index and more than QR10bn to capitalisation.