Qatar: QSE closes in positive zone as domestic funds’ net buying strengthens

Qatar: QSE closes in positive zone as domestic funds’ net buying strengthens

Qatar - The Qatar Stock Exchange Sunday opened the week on a stronger note, albeit at lower levels, on the back of buying interests, especially in the telecom and insurance sectors.

The domestic funds were seen increasingly into net buying as the 20-stock Qatar Index gained more than five points or 0.05% to 10,576.82 points.

The foreign institutions’ weakened net selling had its influence in the main market, whose year-to-date losses truncated to 0.98%.

The Arab individuals’ lower net profit booking was also visible in the main bourse, which saw the index touch an intraday high of 10,620 points.

The Gulf institutions continued to be net buyers but with lesser intensity in the main market, whose capitalisation however gained QR0.12bn or 0.02% to QR621.46bn with microcap segments gaining the most.

The local retail investors turned bearish in the main bourse, which saw a total of 9,235 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.05mn changed hands across three deals.

The Gulf individuals were net profit takers in the main market, which saw no trading of sovereign bonds.

The Islamic index was seen declining vis-à-vis gains in the other indices in the main market, which saw no trading of treasury bills.

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