The Qatar Stock Exchange index ended the current week’s trading with a rise of 1.18 percent, achieving gains of 120.28 points, rising to 10,323.32 points compared to last week’s closing.
Tamer Hassan, a financial markets analyst, said in a statement to Qatar News Agency (QNA) that the stock exchange’s application of the liquidity provider activity during the current week had a positive impact on the market in terms of activity and the rise of most sectors in the stock exchange.
It is noteworthy that the Qatar Stock Exchange announced last Sunday the start of implementing the new amendments to the liquidity provider activity regarding the standards for evaluating the performance of liquidity providers, explaining that the implementation of the new amendments and standards in the standardized contracts approved for this activity will be subject to semi-annual review to ensure that they are consistent with the needs of the market.
The financial markets analyst added that the new amendments to the liquidity provider activity will give priority to investors in executing transactions and reduce their cost, in addition to providing more depth in the order records, noting that these new amendments to the liquidity provider mechanism will enhance the presence of foreign portfolios in the Qatari market and focus on it more.
The rise in the general index of the stock exchange during the current week was supported by the growth of most sectors, led by banks and financial services by 1.51 percent, communications by 1.14 percent, the real estate sector by 1.20 percent, industry by 0.94 percent, the services and consumer goods sector by 0.56 percent, and insurance by 0.23 percent, while the transportation sector alone declined by 0.55 percent.
This week witnessed liquidity levels of about 1.580 billion riyals, while the trading volume reached 639 million, 571 thousand and 261 shares, with a number of deals reaching 61,040 deals in all sectors. On the other hand, the Qatar Stock Exchange index closed its trading session up by 2.23 points, or 0.02 percent, to reach 10,323.32 points.
During the session, 118 million, 887 thousand, and 467 shares were traded, at a value of 259 million, 815 thousand, and 459.778 riyals, as a result of executing 10,836 deals in all sectors.
The market capitalization at the end of the trading session amounted to 597 billion, 174 million, 512 thousand, and 496,300 riyals.
