The Qatar Stock Exchange Sunday witnessed foreign funds turn bullish even as it closed 29 points lower but remained above 10,700 levels.

The Qatar Stock Exchange on Sunday opened the week on a stronger note to show signs of breaking the 11,000 resistance level, but overall it settled 53 points lower.

Attractive valuations and positivity in the Gulf region's geopolitical arena helped the Qatar Stock Exchange surpass the targeted level of above 10,900 levels this week, which saw the advent of QLM into the trading ring.

Attractive valuations on Monday attracted foreign institutions to the Qatar Stock Exchange, whose key index shot up more than 117 points to surpass the record high of 10,800 levels.

The rising global energy prices and the positivity in the Gulf region, due to the end of blockade, continued to have its influence on the Qatar Stock Exchange, which opened this week on a stronger note and its key index surpassed 10,700 levels with an ease.

The Qatar Stock Exchange on Sunday opened 2021 on a flat note amidst buying interests in consumer goods, real estate and banking counters.

Ahead of closing the year 2020, the Qatar Stock Exchange on Wednesday gained about 35 points to cross the 10,500 levels, mainly lifted by foreign institutions.

An across the board selling – particularly in the telecom, industrials and insurance counters – on Tuesday dragged the Qatar Stock Exchange more than 59 points but overall it settled a tad above 10,500 levels.

The Qatar Stock Exchange witnessed more than 55% of its traded constituents extend gains to investors this week which featured the global credit rating agency Fitch hint that Qatar may tap the debt market in 2022-25, pending North Field expansion ramp-up.

Arab funds’ increased net buying and their domestic counterparts’ bullish outlook on Monday lifted the Qatar Stock Exchange by another 17 points; but the key barometer failed to break the 10,500 levels.

The Qatar Stock Exchange on Wednesday witnessed modest buying in Islamic equities and five of the seven sectors were under buying spotlight; yet it settled marginally down.

A healthy domestic projects pipeline helped lift sentiments on the Qatar Stock Exchange, which yesterday gained more than 133 points to inch near 10,400 levels.