Foreign funds, local retail investors turn bullish amidst weak sentiments in QSE

QSE

The Qatar Stock Exchange saw increased buying interests of local retail investors and foreign funds, even as it settled in the negative for the second straight session.

Notwithstanding the bullish outlook of the foreign individuals, the 20-stock Qatar Index settled about 35 points or 0.31% lower at 11,143.45 points, although recovered from an intraday low of 11,125 points.

The real estate, consumer goods, insurance and transport counters witnessed higher than average selling pressure in the market, whose year-to-date gains were at 6.78%.

About 80% of the traded constituents were in the red in the bourse, whose capitalisation saw more than QR2bn or 0.35% decrease to QR643.19bn, mainly due to small cap segments.