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
The Qatar Stock Exchange on Tuesday largely remained flat amidst increased net buying by Gulf institutions and the bullish outlook of domestic and foreign funds.
The Qatar Stock Exchange on Monday remained under bearish spell for the second consecutive day, mainly on increased net selling pressure from foreign funds.
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
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 (QSE) is slated to see an initial public offering (IPO) this September, which ought to give a fillip to the primary segment for a sustainable capital market, its top official said.
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.
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 Sunday opened the week on a stronger note with its key index surpassing the 9,300 level with ease, mainly on Arab individuals’ increased buying interests.