Foreign and Gulf funds’ profit booking pressure on Tuesday further weakened the Qatar Stock Exchange, which settled 58 points lower.
The Qatar Stock Exchange on Thursday witnessed intermittent gyrations, with it breaking 9,900 levels twice intraday, but overall it settled below that level.
The Qatar Stock Exchange on Sunday opened the week weak, after four consecutive days of bullish run, on an across-the-board selling, notably in the realty, insurance and banking sectors.
The Qatar Stock Exchange opened the week weak with its key index retreating below 9,900 levels as Gulf funds turned bearish and there was weakened net buying support from non-Qatari institutions.
The Qatar Stock Exchange witnessed strong buying support from Gulf funds as well as local and non-Qatari retail investors but overall it settled marginally weak.
Foreign and Gulf funds turned net buyers on the Qatar Stock Exchange, a day after MSCI decided to continue to use official Qatari riyal foreign exchange rate in its Qatar indices.