Tuesday, 16 October 2018

QSE breaks 10,000 resistance level on an across-the-board buying

QSE breaks 10,000 resistance level on an across-the-board buying:

The Qatar Stock Exchange Tuesday broke the 10,000 resistance level, on an across-the-board buying, especially within the realty, transport and telecom counters.

The robust buying interests of foreign institutions led the 20-stock Qatar Index to surge 2.01% to touch more than a year high of 10,031.59 points, which is up 17.69% year-to-date.

Stronger buying interests, particularly in the midcap equities, resulted in market capitalisation expand about QR11bn or about 2% to QR559.55bn.

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