The Qatar Stock Exchange on Tuesday continued its bearish spell for the third consecutive day to settle below 10,700 levels, mainly dragged by local retail investors and domestic funds.
Qatar Stock Exchange fell for the second straight session, mainly dragged by transport, insurance, consumer goods and industrials sectors.
The Qatar Stock Exchange on Sunday opened the week weak as six of the seven sectors were under profit-booking pressure.
Foreign and domestic institutions’ increased buying interests helped the Qatar Stock Exchange reach two-year high last week, reflecting the positive sentiments in view of the robust macroeconomic fundamentals.
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 Tuesday gained more than 91 points to inch near 10,800 levels, mainly on the back of strong buying interests in industrials and consumer goods equities.
Foreign institutions’ sustained buying interests and weakened selling pressure from the domestic counterparts on Monday lifted the Qatar Stock Exchange.
Stronger oil prices and an expansionary budget had their positive influence on the Qatar Stock Exchange, which gained 308 points in its key index and more than QR20bn in capitalisation last week.
Foreign funds’ continued buying spree on Thursday gave a more than 123-point thrust to the Qatar Stock Exchange and placed its key barometer above 10,650 points, a near two-year high.
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.
Foreign funds’ substantially increased buying interests on Monday led the Qatar Stock Exchange gain 142 points to drive its key index near 10,500 levels and more than QR9bn in capitalisation.