Qatar’s QSE surpasses 10,300 level on increased net buying by foreign funds

Qatar’s QSE surpasses 10,300 level on increased net buying by foreign funds

The Qatar Stock Exchange Tuesday gained 60 points as its key index surpassed 10,300 levels, paced mainly by the transport, real estate and industrials sectors.

The foreign institutions were increasingly into net buying as the 20-stock Qatar Index rose 0.58% to 10,336.82 points.

The market, which was skewed towards movers, saw the index regain from an intraday low of 10,208 points.

The Arab individuals turned bullish in the main market, whose year-to-date losses narrowed further to 3.27%.

The local retail investors’ lower net selling had its say on the main bourse, whose capitalisation added QR3.38bn or 0.57% to QR601.15bn, mainly on account of small cap segments.

However, the domestic funds were increasingly into net selling in the main market, which saw a total of 0.07mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.66mn changed hands across 30 deals.

The foreign retail investors were seen increasingly into net profit booking in the main bourse, which saw no trading of sovereign bonds.

The Islamic index was seen outperforming the other indices in the main market, which saw no trading of treasury bills.

The Total Return Index gained 0.58%, the All Share Index by 0.57% and the Al Rayan Islamic Index (Price) by 0.74% in