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.
Foreign funds were on Wednesday increasingly net buyers on the Qatar Stock Exchange, which otherwise settled in the negative trajectory, a day after the Gulf imbroglio came to an end.
The Qatar Stock Exchange on Sunday opened 2021 on a flat note amidst buying interests in consumer goods, real estate and banking counters.
An unusual year 2020, which faced the challenges related to Covid-19, witnessed that investors made a robust double-digit gain, especially in the transport, real estate and telecom sectors on the Qatar Stock Exchange
Ahead of closing the year 2020, the Qatar Stock Exchange on Wednesday gained about 35 points to cross the 10,500 levels, mainly lifted by foreign institutions.
An across the board selling – particularly in the telecom, industrials and insurance counters – on Tuesday dragged the Qatar Stock Exchange more than 59 points but overall it settled a tad above 10,500 levels.
Foreign and Arab institutions were increasingly net buyers and the Gulf funds were seen bullish on the Qatar Stock Exchange, which otherwise settled in the negative Monday.
The Qatar Stock Exchange witnessed more than 55% of its traded constituents extend gains to investors this week which featured the global credit rating agency Fitch hint that Qatar may tap the debt market in 2022-25, pending North Field expansion ramp-up.
The Qatar Stock Exchange on Tuesday treaded a flat course to stay below 10,500 levels, despite buying interests in the telecom and consumer goods sectors.