Industrials and telecom equities on Sunday extended the bearish spell on the Qatar Stock Exchange to the second straight session as its key index fell below 10,500 levels.
The Qatar Stock Exchange had witnessed its key index break 10,600 points intraweek although it settled below that level, amidst stock split implementation by banking and financial services segment.
The Qatar Stock Exchange on Wednesday crossed the 10,600 levels mainly on the back of strong buying, especially in the banking, industrials and telecom equities.
An across-the-board buying – especially within the insurance, banks, telecom and realty sectors – Tuesday lifted the Qatar Stock Exchange by another 81 points as its key index inched near the 10,600 level.
With more listed banking constituents implementing stock split, the Qatar Stock Exchange Monday reported robust expansion in volume and turnover and its key index gained a huge 208 points to cross the 10,500 levels with ease.
Companies listed on the Qatar Stock Exchange will implement stock split from Sunday, beginning with Commercial Bank and Qatar First Bank, a move that ought to attract more retail investors into the market.
Ahead of Eid holidays, the Qatar Stock Exchange on Monday gained more than 151 points to surpass 10,300 levels, mainly lifted by banking and transport equities.
The Qatar Stock Exchange on Sunday opened the week weak with a 105-point decline, mainly dragged by the banking and consumer goods sectors.
Foreign institutions’ substantially stronger buying interests lifted the Qatar Stock Exchange benchmark by more than 542 points and about QR30bn in capitalisation this week.
The Qatar Stock Exchange surged 341 points, its largest single-day gains in nine months, to inch near 10,300 levels, and capitalisation expanded more than QR18bn, mainly powered by blue chips.
Ahead of the implementation of global index compiler MSCI’s decision to include three QSE entities in its emerging market indices from Thursday ...
The Qatar Stock Exchange on Monday gained more than 86 points to inch near 9,800 levels, mainly on strong buying interests in the banking counter.