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 buying interests gave an 87-point thrust to the Qatar Stock Exchange (QSE) and placed its key barometer at 9,300 plus altitude this week, which featured Qatar secure sixth position
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 gainers outnumbered losers in the Qatar Stock Exchange, which otherwise settled marginally lower this week.
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.
Strong buying, particularly in the industrials, Wednesday gave a 146-point thrust to the Qatar Stock Exchange to place its key index above the 9,200 level.
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 conventional brokerage houses were largely seen improving their share in the trade turnover on the Qatar Stock Exchange (QSE) in May this year, according to the bourse's data.
The Qatar Stock Exchange on Sunday reopened after Eid holidays but settled lower mainly on substantially weakened buying interests of domestic funds.