Foreign funds’ stronger selling pressure on Thursday extended the bearish spell on the Qatar Stock Exchange for the second straight session and its key index lost another 49 points.
Foreign funds' increased profit booking pressure on Monday further dragged the Qatar Stock Exchange below 10,400 levels and capitalisation eroded by about QR4bn.
Robust demand especially at transport and consumer goods counters rather imparted a 0.6% thrust to the 20-stock Qatar Index to 9,990.17 points.
Foreign funds’ strong buying interests led the Qatar Stock Exchange make huge gains of 373 points to surpass the pre-blockade levels by a wide margin last 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.
Increased buying interests from foreign funds and local retail investors on Monday drove the Qatar Stock Exchange up to surpass 8,900 levels.
Strong buying interests of foreign funds and the bullish outlook of their domestic counterparts on Wednesday helped the Qatar Stock Exchange drive through positive trajectory, albeit at lower levels.