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
Domestic institutions’ strong penchant for buying Wednesday extended the bullish run on the Qatar Stock Exchange for the second straight session as its key index surpassed the 9,200 level.
Higher than average demand, especially for Islamic stocks, Tuesday lifted the Qatar Stock Exchange by more than 26 points.
The Qatar Stock Exchange Sunday opened the week weak and its key index retreated below 9,200 levels, mainly dragged by industrials and telecom sectors.
The lifting of sentiments on the gradual easing of Covid-19 related restrictions had its reflection on the Qatar Stock Exchange, which saw the addition of 379 points in its key index and more than QR20bn in capitalisation.
An across-the-board buying — particularly within industrials, transport and real estate counters — Tuesday lifted the Qatar Stock Exchange to place its key index near 9,100 levels.
The Qatar Stock Exchange Monday reflected the general global mood in the easing of Covid-19-led restrictions to gain a whopping 175 points to cross the 9,000 levels
The Qatar Stock Exchange on Sunday reopened after Eid holidays but settled lower mainly on substantially weakened buying interests of domestic funds.
The extension of bank guarantees for the private sector to one year has brightened the prospects in the Qatar Stock Exchange (QSE), which soared 137 points this week, ahead of Eid holidays.
The Qatar Stock Exchange Tuesday remained under bullish influence for the second straight session and its key index gained about 38 points to scale 8,800 levels, mainly lifted by the industrials segment.
Local retail investors’ increased net buying Monday lifted the Qatar Stock Exchange more than 65 points to place its key index near 8,800 levels.
The Qatar Stock Exchange on Sunday opened the week weak with its key index losing 36 points and settle below 8,700 levels, mainly dragged by Arab funds’ increased net profit booking.