Doha: The Qatar Stock Exchange (QSE) index closed this week with a 0.86 percent decrease, losing 90.93 points to reach 10,423 points, compared to last week’s close, under pressure from five sectors.
The real estate sector led the falling sectors, recording the largest decline of 1.16 percent, followed by the insurance sector, which fell 0.85 percent. On the other hand, the services and consumer goods sector achieved the largest gains, increasing 0.13 percent.
In this context, financial markets analyst Youssef Bouhlaika told Qatar News Agency (QNA) that the selling pressures this week have impacted the stock market’s performance as a result of the ongoing convening of general assemblies and their approval of dividend proposals, which has led to a decline in the QSE’s general index.
Bouhlaika expected that selling pressures would likely continue over the next week and until the end of the month, anticipating that the index would regain its balance and begin its upward trend above 10,500 points with the announcement of the first-quarter (Q1) results for 2025.
The financial market analyst noted that the QSE index declined for the third consecutive day in today’s session, declining by 0.1 percent, or 14.78 points, to its lowest closing level since January 14.
The QSE index also declined by 3 percent from its 52-week high, recorded on Oct. 17, 2024, and 13.7 percent from its low on May 30, 2024.
