The Qatar Stock Exchange index ended this week’s transactions at 2.80 percent, to add 305.56 points to its score, and ascend to the level of 11220 points, with the support of the banking sector, which achieved the highest weekly gains, an increase of 4.670 percent.
On this performance, Mr. Mubarak Al -Tamimi, a financial analyst, explained, in exclusive statements to the Qatar News Agency «Qena», that a number of factors helped the Qatar Stock Exchange index penetrate the barrier of 11 thousand points during the current week, most notably the performance of the listed companies and achieving profits in the first half of the current year and announcing them for interior distributions, pointing to the existence of a trend by the foreign and Gulf portfolios towards the Qatari market and the opportunities it provides compared to the markets The other, a trend that is expected to be strengthened in the coming period with the descending trend of interest rates and the height of the return on the shares of listed companies.
He considered that the current situation is a favorable opportunity for investors to strengthen their portfolios, increase purchases, and pump more liquidity into the market, especially since prices are attractive with good distributions by companies, calling on investors to stay away from speculation operations in the form of lack of ability to avoid high risk. At the end of his weekly reading of the Qatar Stock Exchange, Al -Tamimi highlighted that the general index is heading to the nearest resistance point at the level of 11500 points, and in the form of exceeding it will be 11,917 points. In a related context, the Qatar Stock Exchange index closed its trading yesterday, up by 33.26 points, equivalent to 0.30 percent, to reach the level of 11220.76 points.
During the session, 203 million and 973 thousand and 739 shares were traded, at a value of 481 million, 644 thousand and 404.329 riyals, as a result of the implementation of 20,486 deals in all sectors.
The shares of 23 companies increased in the session, while the shares of 24 other companies decreased, while 6 companies maintained their previous closure price.
The marketing of the market at the end of the trading session reached 663 billion, 804 million and 441 thousand and 709.235 riyals, compared to 660 billion, 597 million, 304 thousand and 275.910 riyals, in the previous session.
