Qatar shares inch near 10,300 level on buying interests

The Qatar Stock Exchange on Tuesday witnessed incessant gyrations mainly on sustained increased buying interests of foreign and domestic funds, leading its key barometer inch near the 10,300 levels. An across the board buying – particularly in the insurance and telecom counters – lifted the 20-stock Qatar Index 53 points or 0.52% to 10,294.79 points. The local retail investors’ weakened net selling pressure also had role in the bourse, whose year-to-date losses declined to 1.35%. The Islamic stocks were seen gaining slower than the other indices in the market, whose capitalisation saw QR3bn or 0.5% increase to QR597.32bn, mainly owing to mid and small cap segments.