DOHA: Qatar Exchange (QE) hosted a working dinner for top executives of brokerage firms and representatives of the Qatar Financial Markets Authority (QFMA) and the Qatar Central Securities Depository.
The experts discussed the market performance and the key driver that helped Qatar bourse index to break its previous record closing value to hit an all-time high.
They discussed the general market trends and the reasons that have led to higher prices for many stocks. The growing local economy, strong performance of listed Qatari companies, strong budget allocations and the launch of many government-supported mega projects were all positive contributing factors behind the strong trading performance and upward momentum in the market, they observed.
The market experts also discussed the apparent return of many large investors and the increase in trading volumes, and the potential impact on the market that may result from having a greater number of foreign portfolio managers seeking to invest in Qatari listed stocks. Rashid bin Ali Al Mansoori, CEO, QE thanked regulators, brokers and government authorities, for their role in supporting the efforts of Qatar bourse.