Strong buying interest helps Qatar shares settle near 10,400 levels

Strong buying interest helps Qatar shares settle near 10,400 levels:

Strong buying interests – especially at the realty, telecom, industrials and banking counters – imparted a more than 101 points thrust to the Qatar Stock Exchange, which on Monday settled near 10,400 levels.

Foreign institutions’ robust buying support led the 20-stock Qatar Index to gain about 1% for the second straight session to 10,398.31 points.

The overall bullish momentum came amidst strong selling pressure from local retail investors and Gulf institutions in the market, which is up 22% year-to-date.