The Qatar Stock Exchange closed in the negative this week, which otherwise saw the US Congress reaching an agreement on the massive $2tn stimulus package to mitigate the rising risks from the global pandemic Covid-19.
The Qatar Stock Exchange Sunday opened the week on a stronger note, albeit at lower levels, mainly on weakened net selling pressure from local and non-Qatari retail investors.
The Covid-2019 pandemic-led US’ ban on European travellers and the oil price shock had their considerable influence on the Qatar Stock Exchange (QSE), which lost 1,079 points in key index and more than QR59bn in capitalisation this week.
Strong buying — especially in the transport, consumer goods and banking counters — Tuesday lifted the Qatar Stock Exchange 273 points in index and more than QR18bn in capitalisation.
The Qatar Stock Exchange Monday witnessed strong buying interests among local retail investors and domestic funds even amidst a huge 877 points plunge in key barometer and about QR48bn erosion in capitalisation.
The Qatar Stock Exchange, which opened the week weak, rebounded in the subsequent sessions but overall it continued to be under net selling pressure
Dividend worries and apprehensions over coronavirus dampened sentiments on bourses globally, which had its reflection on the Qatar Stock Exchange as well this week.
An across the board selling – particularly within insurance, banks, consumer goods and telecom sectors – Wednesday dragged the Qatar Stock Exchange below 9,600 levels.
The Qatar Stock Exchange on Monday saw local and Gulf retail investors turn bullish, but lost more than 128 points in its key barometer with QR7bn loss in capitalisation.
The Qatar Stock Exchange witnessed strong rebound, especially in the last three sessions, to overall settle 87 points higher this week which saw QNB brokerage QNBFS licensed as liquidity provider.
The Qatar Stock Exchange on Monday lost another 52 points to settle below 10,100 levels, mainly dragged by the transport equities.