The general index of Qatar Stock Exchange (QSE) recorded a positive performance during the first week of this month, and achieved a growth of 6.520 percent, to close its dealings at the point 13463, and gain 824.22 points compared to its level in the last week of last February, to overcome the negative effects of the developments of the Russian military escalation in Ukraine, and breaking 13,000 points.
In this context, the financial expert Jaber Ali Al Hedfa, confirmed that Qatar Stock Exchange is heading towards new breakthroughs for its index in the coming period, after breaking the 13,000-point barrier.
Al Hedfa said in a statement to Qatar News Agency (QNA) that the shares of the various listed companies recorded significant increases during the past period, unusual in this period, which coincides with profit-taking, pointing, for example, to the large increases recorded by the banking sector shares.
The financial expert attributed the results achieved in the stock exchange and the great dynamism to the significant rises in oil and gas prices in global markets, which exceeded the levels of $115 per barrel.
The trading report of Qatar Stock Exchange, in the first week of this month, pointed out that the market value of the shares at the end of trading reached QR768.6bn, compared to its level last week of QR715.6bn , a growth of 7.40 percent.
Al Hedfa pointed to the large influx of liquidity as a result of the interest of local and foreign investors to invest in Qatar Stock Exchange, confirming the great confidence in the solidity of the national economy despite the geopolitical changes that the world is witnessing at the present time with the ongoing war between Russia and Ukraine.
On the other hand, the value of trading on shares this week amounted to QR6.9bn, distributed over 1.9 million shares, through 114,657 deals.
Al Hedfa stressed the goal to confirm that the positive performance of Qatar Stock Exchange will continue in the coming period, supported by a number of elements, including the rises achieved by oil and gas prices and their repercussions on industrial sector companies that achieved great profits in 2021 and exceeded 250 percent for some of them, in addition to the preparations for organizing the 2022 FIFA World Cup and the role it will play in stimulating various economic activities such as the telecommunications sector.
