The strong bullish sentiments of foreign funds on Thursday gave further impetus to the Qatar Stock Exchange, whose key index gained more than 90 points to cross the 9,300 level with ease.
The Qatar Stock Exchange on Tuesday gained 28 points to inch near 8,900 levels despite losers outnumbering gainers.
An across the board buying — especially in the insurance and telecom sectors — on Sunday lifted the Qatar Stock Exchange above 8,500 levels.
The Qatar Stock Exchange on Thursday snapped four days of bullish run to lose as much as 41 points and settle below 9,000 points, mainly dragged by increased selling pressure from the Gulf funds.
The Qatar Stock Exchange on Wednesday was back in the negative turf, mainly owing to increased selling pressure from local retail investors.
An across-the-board selling, particularly in the industrials, on Monday dragged the Qatar Stock Exchange more than 274 points for the sixth straight session and its key barometer stood a little above 9,200 points.
An across the board selling — especially in the real estate, telecom and transport sectors — on Thursday dragged the Qatar Stock Exchange about 1%.
Domestic funds were increasingly net buyers and local retail investors turned bullish on the Qatar Stock Exchange, which otherwise fell 111 points to settle at sub-10,300 levels.
The Qatar Stock Exchange on Thursday witnessed strong buying interests from domestic and Gulf funds but overall it settled 57 points lower.
The Qatar Stock Exchange on Tuesday gained for the fourth straight session to surpass 10,600 levels mainly on sustained buying interests from foreign funds.