The Insurance, banking and industrial equities on Sunday ended two days of bullish run on Qatar Stock Exchange, which fell more than 46 points, even as its 20-stock index remained in the positive terrain year-to-date.
Foreign funds’ substantially weakened net buying and Gulf institutions’ bearish grip on Wednesday led the Qatar Stock Exchange decline more than 18 points to settle at sub-10,300 levels.
The Qatar Stock Exchange saw 50% of the traded constituents extend gains; yet it settled lower this week, which saw four of the five days in bearish mode.
The Qatar Stock Exchange on Thursday went through a rollercoaster ride with the insurance, telecom and banking counters witnessing higher than average selling pressure ...
The Qatar Stock Exchange on Tuesday saw mild profit booking, a day after it gained a huge 117 points, mainly on strong selling pressure at the real estate, insurance and transport counters.
Insurance and telecom counters witnessed strong buying interests, but overall, the Qatar Stock Exchange was on a negative turf for the second straight session on Monday.
Qatar Stock Exchange on Sunday opened the week weak, mainly dragged by insurance, industrial and telecom sectors, but remained above 10,200 levels.
The transport, real estate and insurance counters on Thursday witnessed stronger demand, leading the Qatar Stock Exchange to inch near 10,800 levels.
The Qatar Stock Exchange on Wednesday gained more than 76 points to surpass 10,500 levels, mainly lifted by consumer goods, insurance and industrials equities.
Cyber insurance is gradually gaining ground in view of increasing Internet-based risks, mainly impacting corporates including major energy companies, said Bassam Hussein, president, Doha Insurance Group.