The global concerns such as rising inflation and hardening interest rates had an overarching role in dampening the sentiments in the Qatar Stock Exchange, which saw its main barometer plunge 413 points and capitalisation erode QR27bn this week
Buying interests, especially at the industrials, real estate and telecom counters, Wednesday led the Qatar Stock Exchange to gain 21 points.
Foreign funds were seen increasingly net buyers in the Qatar Stock Exchange, which otherwise lost another 42 points despite strengthening crude prices in the global market.
Higher oil prices, owing to the simmering Ukraine-Russia crisis, had lifted sentiments in the Gulf bourses, including the Qatar Stock Exchange (QSE), which gained a huge 234 points in key index and QR12bn in capitalisation this week.
The Qatar Stock Exchange on Wednesday gained more than 128 points and its key index surpassed 13,500 levels, mainly on the back of strong buying in the industrials counter.
Reflecting the global sentiments over the rising Covid-19 cases in China, the Qatar Stock Exchange Tuesday plunged 234 points and its key index settled below 13,300 levels and capitalisation eroded QR12bn.
Strong global oil prices had its reflection in the Qatar Stock Exchange, which gained a huge 170 points in key index amidst flat capitalisation this week.
The Qatar Stock Exchange on Tuesday gained more than 91 points and its key index inched toward 13,700 levels, mainly reflecting the sentiments in the global oil prices, which breached $132 a barrel.
The Qatar Stock Exchange on Wednesday surpassed 13,400 points, a multi-year high, reflecting higher oil prices, which have breached $110 a barrel on the simmering tensions between Russia and Ukraine.