Attractive valuations and the continued positive sentiments on the consolidation wave in the domestic banking sector led the Qatar Stock Exchange (QSE) witness its key index barometer to surpass 9,300 levels
Foreign funds’ robust bullish outlook on Thursday propelled the Qatar Stock Exchange more than 92 points to place the key barometer in a higher 9,300 orbit.
Domestic and foreign funds’ net profit booking pressure on Wednesday steered the Qatar Stock Exchange back into negative turf and its key barometer lost 19 points.
The Qatar Stock Exchange on Tuesday gained more than 47 points to cross the 9,200 levels with an ease, mainly lifted by real estate, industrials and insurance segments.
The Qatar Stock Exchange on Monday witnessed strong buying at the telecom, real estate and industrials counters as its key barometer inched near 9,200 levels.
The Qatar Stock Exchange on Sunday witnessed stronger buying interests in the Islamic stocks but overall it lost 25 points and its key barometer settled below 9,200 levels.
The Qatar Stock Exchange Monday lost 76 points to settle below 9,100 levels, mainly on foreign funds’ substantially increased net profit booking.
The bearish outlook of the Gulf institutions and the weakened buying interests of their domestic counterparts Sunday drove the Qatar Stock Exchange down 57 points.
Foreign funds were seen bearish and there was weakened buying interests from their domestic counterparts on the Qatar Stock Exchange this week, which saw global credit rating agency Fitch affirm
The Qatar Stock Exchange on Tuesday largely remained flat amidst increased net buying by Gulf institutions and the bullish outlook of domestic and foreign funds.
The Qatar Stock Exchange on Monday remained under bearish spell for the second consecutive day, mainly on increased net selling pressure from foreign funds.