QSE remains bullish on strong buy interests

QSE

Strong buying interests, especially in the banking and transport counters, on Tuesday lifted the Qatar Stock Exchange and its key barometer inched near the 10,400 levels. Domestic institutions’ substantially weakened net selling and the increased net buying of the Gulf funds were instrumental in the 20-stock Qatar Index gain 0.56% to 10,381.3 points, having touched an intraday high of 10,397 points. The foreign individuals were also seen bullish in the bourse, whose year-to-date losses were contained at 0.52%. The Islamic index was seen gaining slower than the other indices in the market whose capitalisation saw more than QR3bn or 0.59% increase to QR604.74bn, mainly owing to midcap segments.