Qatar Stock Exchange gained, during the two trading sessions that the general index activity was limited to this week, about 215,050 points, or 2,170%, bringing its index to the level of 10,145 points.
On this performance, Youssef Buhulaika, financial market analyst, attributed, in statements to Qatar News Agency (QNA), the positive performance of the Qatar Stock Exchange index during the current week to the strong performance of the leading stocks, such as the shares of Industries Qatar and Qatar National Bank, in addition to the performance of some Speculative stocks, and this performance is expected to continue for the Qatar Stock Exchange during the next week, supported by the financial results of the listed companies, which have so far achieved more profits than investors’ expectations.
He pointed out that these expectations are based on a number of elements, including the stability of raising interest rates by the US Federal Reserve, whose rate of increase is scheduled to be in the range of 25 basis points, but he pointed out that the decline in gold prices in global markets indicates Shifts in the decision of investors and their displacement towards the financial markets, and therefore the Qatar Stock Exchange will benefit in the coming period from the entry of foreign investment portfolios.
Buhulaika also expected a rise in oil prices in global markets during the coming period, which, in his opinion, will enhance the performance of some listed companies, especially those operating in the industrial sector.
The weekly report of the Qatar Stock Exchange revealed an increase in the market value at the end of the week’s trading to 587.931 billion riyals, compared to its level last week, which amounted to 576.250 billion riyals, while the value of stock trading was about 1.003 billion riyals, through the sale of 343.154 million shares, as a result of the implementation of 40,245 deals. in all sectors.
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