#Qatar shares snap 5-day bear run on buying support

Qatar shares snap 5-day bear run on buying support:

Snapping five days of bearish spell, the Qatar Stock Exchange on Tuesday gained 22 points to inch near the 9,800 level mainly on increased buying support from domestic institutions.

The transport, consumer goods, telecom, insurance and industrials counters witnessed higher demand as the 20-stock Qatar Index settled 0.22% higher at 9,765.88 points.

Non-Qatari retail investors’ weakened net selling also played its role in the market, whose sensitive index is down 5.18% year-to-date.