During the current week, the Qatar Stock Exchange index managed to break the 10,000-point barrier at the end of the current week’s trading, gaining 96,110 points, with a growth rate of 0.970 percent, to reach the level of 10,006 points.
In this context, Mubarak Al-Tamimi, a financial analyst, said in a statement to Qatar News Agency (QNA) that the positive performance of the Qatar Stock Exchange index during this week requires more caution during the current period and monitoring developments in global markets, in order to avoid – as much as possible – the wave of decline that Many markets may witness it in the coming period.
He pointed out that the performance of the general index during the current period was governed by a number of elements, including the distributions of listed companies and the accompanying profit-taking operations, especially those related to the leading stocks, in addition to the fears witnessed in the trading sessions during the current week related to the interest rate hike by the US Federal Reserve. .
Al-Tamimi also indicated that the performance of the Stock Exchange in the coming period remains linked to the profits of the listed companies in the first quarter of this year and the possibility of being affected by the decline in oil prices in the global markets.
Yesterday, the US Federal Reserve (the central bank), raised interest rates by 25 basis points, to reach 5 percent, the highest level since 2007, that is, before the global financial crisis.
The council stated that inflation in the United States remains high, and that the banking system is “sound and flexible”, in an attempt to reduce the impact of the banking crisis in the United States recently.
The weekly report of the Qatar Stock Exchange revealed an increase in the market value at the end of the week’s trading, to 580.395 billion riyals, compared to its level last week, which amounted to 571.122 billion riyals, while the value of stock trading was about 2.062 billion riyals, through the sale of 730.686 million shares, as a result of the implementation of 79,546 deals in all sectors.
For latest updates and news follow BLiTZ on Google News, YouTube, Facebook, and also on Twitter.