The Qatar Stock Exchange on Sunday opened the week on a stronger note and its key index gained more than 108 points to inch near the 10,600 levels, primarily lifted by weakened net selling by domestic funds and local retail investors.
The Qatar Stock Exchange saw more than 57% of the traded constituents extend gains to investors, yet it settled lower this week, which otherwise witnessed a deficit state budget for the fiscal 2021.
Global positive factors as the Covid-19 vaccine and robust domestic pipeline of projects had influenced the Qatar Stock Exchange, which witnessed more than 175 points addition to its key index and QR12bn in capitalisation this week.
The Qatar Stock Exchange on Thursday gained 74 points to inch near the 10,500 levels, mainly lifted by the real estate and banking sectors.
The Qatar Stock Exchange witnessed more than 74% of the traded constituents end in the red this week, which saw markets already discount the positive news relating to the Covid-19 vaccine.
The Islamic equities were seen outperforming the conventional ones in the Qatar Stock Exchange, which on Sunday opened the week on a stronger note and its key barometer surpassed 9,900 levels.
The volatility in the US presidential election had its wider manifestations on the global financial market, including the Qatar Stock Exchange (QSE), which added 198 points to its key index and QR9bn in capitalisation this week.
Largely reflecting the international cues, the Qatar Stock Exchange on Thursday lost as much as 133 points to settle below 9,700 levels despite the strong buying support from domestic funds and local retail investors.
India stocks fell as an elusive US stimulus deal kept sentiment subdued in the region, while investors closely watched local companies’ earnings.
The Qatar Stock Exchange drove along the negative trajectory to remain below 10,000 levels this week; mainly on domestic institutions’ substantially increased net profit booking.