The Cabinet decision to allow up to 100% foreign ownership in the listed companies had profound impact in the Qatar Stock Exchange (QSE), which saw its key index gain 538 points and capitalisation add QR24bn this week.
The Qatar Stock Exchange Wednesday declined 0.45% despite buying interests at the transport, telecom and insurance counters.
The Qatar Stock Exchange Tuesday gained as much as 137 points to inch towards 12,300 levels, mainly powered by the banking and industrial equities.
The Qatar Stock Exchange Monday rose 0.25% on the back of strong buying in the telecom, transport, industrials and consumer goods counters.
The cabinet nod to allow up to 100% foreign ownership in the listed companies substantially lifted the sentiments in the Qatar Stock Exchange, which Sunday gained more than 376 points in index and QR21bn in capitalisation.
Heightened global apprehensions over hardening inflation and interest rates had the ripple effect on the Qatar Stock Exchange, which saw plummet lose 809 points in key index and QR46bn in capitalisation this week.
Ahead of the US Federal Reserve’s meeting, the Qatar Stock Exchange plummeted 105 points to close below 11,700 points on an across the board selling, particularly in the telecom, realty and industrials.
Reflecting the global sentiments on higher-than-expected inflation in the US and the re-imposition of lockdown in China, the Qatar Stock Exchange on Sunday saw its key index tank 182 points and capitalisation erode QR8bn.
The Qatar Stock Exchange on Wednesday lost 86 points and its key index retreated below 13,000 levels, mainly dragged by transport, telecom and banking sectors.
The Qatar Stock Exchange closed the week of a higher note despite the global concerns of rising inflation and hardening interest rates.
The Qatar Stock Exchange on Wednesday witnessed five of the seven sectors under the buying spotlight, even as it fell 16 points.
The Qatar Stock Exchange Tuesday witnessed violent gyrations for most part of the trading session but finally settled 51 points lower.