The Qatar Stock Exchange (QSE) index concluded this week’s trading up by 2.240 percent, to add 228.830 points, compared to the end of last week’s trading, to stand at 10,446 points, supported by the positive performance of various sectors, especially the banking and financial services sector, which saw an increase of 3 percent.
In this context, financial market analyst Youssef Buhulaika called on investors to maintain their current shares and support their portfolios with new purchases to take advantage of the profits the companies listed on the QSE achieved, so far exceeding expectations.
In his statements to Qatar News Agency (QNA), the financial market analyst pointed out the movement witnessed by the QSE during the current week, which was reflected in the recorded growth rate and the significant levels of liquidity, which averaged more than 437 million per session.
Buhulaika said that the increase in liquidity confirms the desire of foreign portfolios to enhance their purchases of Qatari stocks, whether by individuals or companies, which reflects the growing confidence in the Qatari market.
He attributed the increase in trading values during the current week and for the fifth session in a row to the natural relationship between the share price and the profits realised by the listed companies.
Buhulaika expected that the QSE index would break the 11,000-point barrier in the coming period, mainly since the eyes of all observers, especially investors, are directed towards the support point of 10,500 points, which it is likely to reach in the next week’s trading.
The financial market analyst referred to the activity seen in the shares of some speculative companies during the current week.
The General index of Qatar Stock Exchange (QSE) increased by 67.61 points, or 0.65 percent, to reach the level of 10,446.11 points.
During yesterday's session, 282,298,373 shares were traded, with a value of QR529,198,448 as a result of the implementation of 18,758 transactions in all sectors.
In the session, the shares of 25 companies rose, and the prices of 19 other companies decreased, while four companies maintained their previous closing
prices.
