The general index of the Qatar Stock Exchange added during the current week to its balance of 494,520 points, with a growth rate of 4,870 percent, to reach the level of 10,639 points, with the support of various sectors.
In his reading of the development of the performance of the Qatari Stock Exchange during the current week, Ramzi Qasimia, the financial advisor, said: The performance achieved by the Qatar Stock Exchange Index is the best since mid-July 2022, as the weekly index closed on a growth of 4.87 percent in light of the collective rise of most stocks, especially the leading ones. He added, “The index has managed to compensate for most of its declines since the beginning of the year.”
In a statement to Qatar News Agency (QNA), Qasimia described the performance of some of the leading stocks as remarkable, especially after some of them recorded the highest price levels in more than a year, similar to the performance of the share (I want), which recorded its highest level in 7 years, interacting with the announcement of the results. The company that recorded a growth in its net profits by 43 percent.
He stated that the shares of some banks recorded price rebounds, as is the case with the share of Qatar National Bank, which gained 9.5 percent during a week, as well as the share of Industries, which gained 4 percent, noting the entry of new liquidity into the market, which revived the values and volumes of trading, as the average daily trading values reached Approximately 575 million riyals, compared to an average trading value of 367 million riyals last week.
He explained that the liquidity entering the stock exchange was directed primarily to the leading stocks in a clear institutional purchase of certain companies.
He pointed out that investors are awaiting the results of some industrial sector companies, starting next Sunday, pointing out that the Qatar Stock Exchange was expecting the Qatar Central Bank’s decision to raise the interest rate by 25 basis points, so the decision was not significant on the performance of the index, which continued in a positive trend.
The weekly report of the Qatar Stock Exchange revealed an increase in the market value at the end of the week’s trading to 622.635 billion riyals, compared to its level last week, which amounted to 587.931 billion riyals, while the value of stock trading was about 2.860 billion riyals, through the sale of 1.164 billion shares, as a result of the implementation of 105,326 deals. in all sectors.
The general index of the Qatar Stock Exchange rose yesterday by 154.81 points, or 1.48 percent, to reach the level of 10 thousand and 639.90 points.
During today’s session, 271,670,589 shares were traded, with a value of 670,333,110,461 riyals, as a result of the implementation of 24,202 transactions in all sectors.
Shares of 28 companies rose in the session, while the prices of 20 other companies decreased, while two companies maintained their previous closing price.
The market capitalization, at the end of the trading session, amounted to 622 billion and 635 million and 15 thousand and 485,840 riyals, compared to 611 billion and 837 million and 933 thousand and 123,640 riyals, in the previous session.
