Institutional investors were increasingly net buyers as the Qatar Stock Exchange (QSE) displayed strong bullish sentiments this week.
The Qatar Stock Exchange on Thursday continued to remain under bearish spell mainly on increased net selling by local retail investors and foreign funds’ bearish outlook.
The Qatar Stock Exchange largely remained flat on Wednesday despite strong buying interests in the Islamic equities.
Corporate and infrastructure sukuk issuance in the Gulf Co-operation Council (GCC) region was seen muted in the first half of 2018, according to Standard and Poor’s (S&P), an international credit rating agency.
The Qatar Stock Exchange on Tuesday overcame selling pressure from local retail investors as it settled marginally higher amidst lower trade turnover.
Strong buying interests of foreign institutions on Monday imparted sufficient thrust to the Qatar Stock Exchange, whose key sensitive index surpassed 9,400 levels.
The CPI inflation was up 0.1% year-on-year in June this year as the country witnessed price increase in the seven sectors.
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