The Qatar Stock Exchange Tuesday shrugged off the initial bearish overhang, due to apprehensions in the global market over the US interest rate hike indications, as it finally settled 25 points higher.
Strengthening global oil prices, which hit a seven-year high due to geopolitical tensions, had its reflection in the Qatar Stock Exchange, whose key barometer had once crossed the 12,600 levels this week.
The Qatar Stock Exchange on Wednesday crossed the 12,600 levels, reflecting the higher oil prices, which had hit seven-year high in the international markets.
The expectations of robust financial performance of the listed companies had its influence on the Qatar Stock Exchange, thus reflecting in 359 points accretion in index and QR21bn in capitalisation this week.
Foreign institutions’ sustained net buying Sunday lifted the Qatar Stock Exchange by 45 points.
The Qatar Stock Exchange on Sunday crossed the 12,000 points levels, mainly on the back of strong demand for real estate, insurance and banking sectors.
The Qatar Stock Exchange on Monday gained more than 49 points, mainly on the back of strong buying interests of foreign institutions.
The Qatar Stock Exchange opened the year 2022 on a mildly weaker note amidst strong buying interests in the real estate counter.
The global apprehensions over the efficacy of vaccine against the Omicron variant of Covid-19 had its impact on the Qatar Stock Exchange, which lost about 188 points in key index and QR11bn in capitalisation this week.
The Islamic equities on Wednesday made gains in the Qatar Stock Exchange, which otherwise continued to remain under bearish spell for the sixth consecutive day.