Bullish investors push QSE index to surge around 200 points

Doha, Qatar: Qatari stocks surged yesterday on the back of buying support from local and foreign investors as the Qatar Stock Exchange (QSE) index con...

Doha, Qatar: Qatari stocks surged yesterday on the back of buying support from local and foreign investors as the Qatar Stock Exchange (QSE) index continued its bull run soaring around 199.05 points or 1.93 percent to close at 10,531.87 points, yesterday.

The local investors led the rally as their share in total buy trades was around 59.75 percent. The index rose by 1.9 percent at the beginning of yesterday’s trading session, adding 195.91 points to reach the level of 10,528 points compared to the close of Monday’s session, supported by gains across all sectors.

The QSE opened the week on a positive note with its benchmark index gaining 0.19 percent to 10,280.2 points.

The QSE market capitalisation witnessed an uptick yesterday to reach QR621.957bn compared to QR610.525bn at the end of the previous trading session. This increase was supported by positive performances across various sectors, reflecting a generally optimistic market sentiment.

The volume of shares traded increased to 329.42 million yesterday from 226.31 million on Monday and the value of shares increased to QR688.14m from QR468.24m on June 23  as a result of implementing 26,670 deals in all sectors compared to 25,490 in the previous session.