Qatar Stock Exchange (QSE) went up by the end of this week’s trading to reach 10,741 points, gaining 101.920 points compared to the last week’s closing, with a growth rate of 0.960 percent, supported by the insurance and real estates sector.
Financial analyst Youcef Bouhlaika described QSE’s cohesion as good, especially as it maintained levels higher than 10,500 points. He expected the general index to continue that performance during the next week, especially after achieving positive performance for the second consecutive week.
In remarks to Qatar News Agency , Bouhlaika said that the increase in the trading value during the current week reflects the extent of demand for purchases of Qatari shares and the confidence in the achieved results of the listed companies.
The financial analyst pointed out that the current week recorded an intense turnout by foreign portfolios compared to local portfolios. He noted that next week will see the injection of more liquidity as a result of the quarterly review of the MSCI Qatar index.
Bouhlaika indicated that investors are now anticipating the results and repercussions of interest rate hike decisions and dealing with them more positively.
The weekly report of QSE revealed an increase in the market value at the end of the week’s trading, to reach QR 629.008 billion, compared to its level last week, which amounted to QR 622.635 billion, while the value of stock trading was about QR 3.210 billion through the sale of 1.453 billion shares, as a result of the implementation of 100,704 deals across all sectors.
Source: Qatar News Agency