Strong buying interests in industrials, insurance boost sentiment ...Qatar

The Qatar Stock Exchange witnessed strong buying interests, especially in the industrials and insurance counters, as it settled higher this week, which saw two more entities – Milaha and Qatar Islamic Bank – suggest up to 100% foreign ownership limit. The increased net buying by the Gulf funds and a substantial decline in the net selling pressure from the domestic institutions helped the 20-stock Qatar Index settle 0.61% higher at 10,911 points this week, which saw Industries Qatar report net profit of QR1.5bn in the first quarter (Q1) of 2021. Foreign institutions and local retail investors continued to be net buyers but with lesser intensity this week, which saw the global credit rating

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Strong buying interests in industrials, insurance boost sentiment ...Qatar

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