Almost one-in-three listed companies saw improvement in earnings despite the Covid-19 pandemic, as the Qatar Stock Exchange (QSE) reported QR15.8bn cumulative net profit in the first half (H1) of this year.
Domestic institutions’ increased net selling on Thursday dragged the Qatar Stock Exchange 84 points, yet its key index stood above 9,300 levels.
Four gunmen attacked the Pakistani Stock Exchange building in the city of Karachi on Monday but security forces killed them all, police said.
The strong bullish sentiments of foreign funds on Thursday gave further impetus to the Qatar Stock Exchange, whose key index gained more than 90 points to cross the 9,300 level with ease.
The Qatar Stock Exchange on Tuesday gained 28 points to inch near 8,900 levels despite losers outnumbering gainers.
An across the board buying — especially in the insurance and telecom sectors — on Sunday lifted the Qatar Stock Exchange above 8,500 levels.
The Qatar Stock Exchange on Thursday snapped four days of bullish run to lose as much as 41 points and settle below 9,000 points, mainly dragged by increased selling pressure from the Gulf funds.
The Qatar Stock Exchange on Wednesday was back in the negative turf, mainly owing to increased selling pressure from local retail investors.
An across-the-board selling, particularly in the industrials, on Monday dragged the Qatar Stock Exchange more than 274 points for the sixth straight session and its key barometer stood a little above 9,200 points.
An across the board selling — especially in the real estate, telecom and transport sectors — on Thursday dragged the Qatar Stock Exchange about 1%.
Domestic funds were increasingly net buyers and local retail investors turned bullish on the Qatar Stock Exchange, which otherwise fell 111 points to settle at sub-10,300 levels.