Increased buying interests of foreign institutions lifts index

Increased buying interests of foreign institutions lifts index:

The Qatar Stock Exchange settled near 10,500 levels this week which saw the listed companies cumulatively report net profit of QR10.49bn in the first three months of this year.

Although 58% of the traded constituents were in the red, the market was overall bullish this week which saw Gulf International Services (GIS) bag six orders for rigs from the North Oil Company project.

Increased buying interests of foreign institutions largely drove the key index up 0.28% this week which saw Nebras Power take a 60% equity stake in Tunisia's Carthage Power Company.