The Qatar Stock Exchange index rose by the end of this week’s trading to the level of 10,741 points, to gain 101,920 points compared to the end of last week’s closing, with a growth rate of 0.960 percent, supported by the insurance and real estate sectors.
Youssef Bu Hulaiga, financial market analyst, described the cohesion achieved by the Qatar Stock Exchange as good, especially with its maintenance of levels higher than 10,500 points. He expected this performance of the general index to continue during the next week, especially with its positive growth for the second week in a row.
In an exclusive statement to Qatar News Agency (QNA), Bu Hulaika said that the increase in the trading value during the current week reflects the extent of the demand for purchases of Qatari shares and the confidence in the results achieved by the listed companies.
The financial market analyst pointed out that the current week recorded an intense turnout by foreign portfolios compared to local portfolios, indicating that the next week will witness the injection of more liquidity as a result of the quarterly review of the MSCI Qatar index.
Buhulaika indicated that investors are now anticipating the results and repercussions of interest rate hike decisions and are dealing with them more positively.
The weekly report of the Qatar Stock Exchange revealed an increase in the market value at the end of the week’s trading to 629.008 billion riyals, compared to its level last week, which amounted to 622.635 billion riyals, while the value of stock trading was about 3.210 billion riyals, through the sale of 1.453 billion shares, as a result of the implementation of 100,704 deals. in all sectors.
On the other hand, the general index of the Qatar Stock Exchange rose yesterday by 12.85 points, or by 0.12 per cent, to reach the level of 10 thousand and 741.82 points.
During yesterday’s session, 219 million and 993 thousand and 266 shares were traded, with a value of 594 million and 908 thousand and 743.108 riyals, as a result of the implementation of 20,986 transactions in all sectors.
Shares of 21 companies rose in the session, while the prices of 24 other companies decreased, while 3 companies maintained their previous closing prices.
The market capitalization, at the end of the trading session, amounted to 629 billion and 8 million and 608 thousand and 561,110 riyals, compared to 628 billion and 396 million and 29 thousand and 420,920 riyals, in the previous session.
