Domestic funds’ increased net selling pressure on Thursday weakened the Qatar Stock Exchange, whose key index settled 27 points lower.
Strong buying – especially in transport and real estate – on Thursday helped Qatar Stock Exchange break the 10,000 resistance level.
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.
The Qatar Stock Exchange continued its bullish run for the second day on Tuesday to surpass 9,000 levels mainly on strong buying interests of domestic funds.
The Qatar Stock Exchange on Thursday settled marginally higher despite five of the seven sectors having faced selling pressure.
Domestic funds turned bullish and there was substantially lower net selling by local retail investors on the Qatar Stock Exchange (QSE), which otherwise had once touched a six-year low this week.