Foreign institutions were increasingly into buying in the Qatar Stock Exchange, which otherwise was in the negative turf this week. The Islamic benchmark was seen gaining even as the 20-stock Qatar Index settled 0.52% lower this week, which saw Qatar Electricity and Water report QR388.69mn net profit in the first quarter (Q1) of this year. The banks, telecom and real estate counters witnessed higher than average selling pressure this week, which saw Nakilat’s Q1 net profit at QR381.84mn. The domestic funds were increasingly net profit takers this week, which saw Milaha register QR360mn net profit in Q1, 2022. The Arab individuals were seen bearish this week, which saw Ahlibank register QR19
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