Foreign funds’ increased net buying lifts sentiments: index gains 172 points, M-cap expands QR7bn ...Qatar

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Foreign funds’ increased net buying lifts sentiments: index gains 172 points, M-cap expands QR7bn
The Qatar Stock Exchange on Thursday gained as much as 172 points, discounting global market apprehensions over a sharp hike in the US rates. The foreign funds were increasingly net buyers as the 20-stock Qatar Index shot up 1.31% to 13,243.73 points, recovering from an intraday low of 13,107 points. The Arab individuals turned net buyers in the market, whose year-to-date gains improved to 13.92%. The telecom and banking counters witnessed higher than average demand in the bourse, whose capitalisation soared QR7.42bn or 1.02% to QR734.34bn, mainly on the back of mid and microcap segments. The Islamic index was seen gaining slower than the other indices in the market, which saw a total of

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