The retail investors’ strong buying was completely masked by foreign funds’ profit booking that the Qatar Stock Exchange on Wednesday settled below 9,000 levels.
The Qatar Stock Exchange on Sunday opened the week on a stronger note and its key index gained 42 points to once again cross the 9,800 levels, mainly lifted by Arab individuals and foreign funds.
The Qatar Stock Exchange on Tuesday witnessed a sustained overall bullish overhang and its key index gained about 80 points to inch near the 9,800 levels.
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.
An across the board buying — especially in the insurance and telecom sectors — on Sunday lifted the Qatar Stock Exchange above 8,500 levels.
An across-the-board profit booking — especially in industrials, banking, insurance and transport sectors — on Tuesday led the Qatar Stock Exchange to shed as much as 198 points and settle a tad above 9,700 levels.