The Qatar Stock Exchange on Sunday witnessed strong gains at the banking and financial services counter, but overall it settled marginally lower.
Domestic funds were Sunday seen marginally bullish and there was weakened net selling by local retail investors in the Qatar Stock Exchange, which otherwise closed in the negative.
The increased buying interests of domestic and foreign institutions Wednesday led the Qatar Stock Exchange to gain 84 points and close above the 10,500 levels.
The local retail investors’ strong buying interests notwithstanding, the Qatar Stock Exchange on Sunday opened the week weak as its key lost more than 71 points to fall below 10,500 levels, reflecting the frail global cues of the previous week.
Apprehensions over further Covid-19 restrictions had its ripple effect on the global bourses, including the Qatar Stock Exchange this week, which otherwise saw domestic institutions and the Gulf individuals turn bullish.
The Qatar Stock Exchange Monday witnessed Islamic equities defy the overall bearish trend that has been continuing for the third straight session and its key index settled below 10.700 levels.
The Qatar Stock Exchange Sunday witnessed foreign funds turn bullish even as it closed 29 points lower but remained above 10,700 levels.
The Qatar Stock Exchange on Sunday opened the week on a stronger note to show signs of breaking the 11,000 resistance level, but overall it settled 53 points lower.
Attractive valuations and positivity in the Gulf region's geopolitical arena helped the Qatar Stock Exchange surpass the targeted level of above 10,900 levels this week, which saw the advent of QLM into the trading ring.
Attractive valuations on Monday attracted foreign institutions to the Qatar Stock Exchange, whose key index shot up more than 117 points to surpass the record high of 10,800 levels.
The rising global energy prices and the positivity in the Gulf region, due to the end of blockade, continued to have its influence on the Qatar Stock Exchange, which opened this week on a stronger note and its key index surpassed 10,700 levels with an ease.