Steep gains in the last two days helped the Qatar Stock Exchange (QSE) reach near 10,400 levels this week, which saw the initial public offering of Baladna
The Qatar Stock Exchange on Thursday gained 86 points for the second straight session to inch near 10,400 levels, mainly lifted by insurance, consumer goods and banking equities.
Foreign institutions’ bullish outlook on Wednesday helped the Qatar Stock Exchange to gain 50 points, yet it settled below 10,300 levels.
The Qatar Stock Exchange on Monday gained more than 37 points to cross 10,300 levels, mainly on the back of increased buying interests from the Gulf institutions.
Tuesday’s steep gains helped the Qatar Stock Exchange stay afloat in the positive trajectory near 10,300 levels this week.
Increased selling pressure from domestic funds on Thursday extended the bearish run on the Qatar Stock Exchange for the second straight session.
Foreign funds’ substantially weakened net buying and Gulf institutions’ bearish grip on Wednesday led the Qatar Stock Exchange decline more than 18 points to settle at sub-10,300 levels.
The Qatar Stock Exchange on Tuesday gained a robust 102 points to cross the 10,300 level with ease, mainly lifted by industrials and banking equities.
The Qatar Stock Exchange made marginal gains for the second consecutive day to scale 10,200 levels, mainly on the back of buying in the banking and transport counters.
The Qatar Stock Exchange on Sunday witnessed five of the seven sectors reel under selling pressure, but overall it settled marginally higher.