A day after making huge gains, the Qatar Stock Exchange on Thursday remained flat despite weakened selling pressure from domestic institutions and local retail investors.
The Qatar Stock Exchange on Sunday opened the week strong to surpass 9,000 points, mainly on the back of buying interests of local retail investors.
Four days of continuous gains on Thursday gave way to profit-booking on the Qatar Stock Exchange, which settled 85 points lower at sub-9,300 levels.
Investors’ penchant for blue chips on Tuesday placed the Qatar Stock Exchange (QSE) above 9,300 levels and capitalisation expanded about QR9bn.
Riding on the wave of higher foreign ownership limits by certain constituents and robust first quarter financial performance, the Qatar Stock Exchange on Wednesday gained more than 97 points to surpass 9,000 levels.
Snapping two days of bullish run, the Qatar Stock Exchange on Wednesday witnessed profit booking pressures that dragged its key index below 8,900 levels.
The Qatar Stock Exchange (QSE) on Tuesday gained for the second consecutive day to inch near 9,000 levels, mainly on the back of strong buying interests of domestic institutions.
The Qatar Stock Exchange on Thursday settled marginally higher despite five of the seven sectors having faced selling pressure.