Santhosh V. Perumal

The bullish outlook of local and foreign retail investors, as well as Gulf institutions, helped instil confidence in the Qatar Stock Exchange, which surpassed the 10,500 levels this week.

The increased buying interests of foreign institutions and local retail investors’ bullish sentiments on Thursday lifted the Qatar Stock Exchange above 10,500 levels.

The Qatar Development Bank (QDB) plays a central role in supporting the Qatar Stock Exchange’s (QSE) venture market (QEVM), where the trading of the first entity will begin next week.

The Group Securities, a conventional brokerage firm, witnessed a robust jump in its contribution in the total trade turnover on the Qatar Stock Exchange as volumes and transactions through it rose substantially in January-March 2021, according to the bourse's data.

The increased buying support from the local retail investors Tuesday led the Qatar Stock Exchange inch near the 10,400 levels on across-the- board buying interests.

Capital Intelligence (CI), a global credit rating agency, yesterday affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) of Qatar Islamic Bank (QIB) at ‘A+’ and ‘A1’ respectively.

The Arab and local retail investors on Monday turned bullish and there was increased net buying support from the Gulf funds in the Qatar Stock Exchange which otherwise was in the negative trajectory.

Qatar saw a robust jump, particularly in the registration of heavy equipment and private motorcycles as well as those for exports on both monthly and yearly terms, amidst an overall decline in new sales in the country’s automobile sector in February 2021, according to the figures released by the Pla