The Qatar Stock Exchange (QSE) Index will not stop with breaking the 13,000-point barrier in the next stage, but is heading towards breaking the 14,000-point barrier to return to its previous levels before the Coronavirus crisis, in clear evidence of the recovery that listed companies are going through, economic analyst Abdulla Al Khater told QNA.
Al Khater pointed out that the index, and the national economy, benefits from the rise in oil prices in global markets and from the purchasing power of the dollar, considering the riyals link to the dollar, which means more stability for the QSE index.
Al Khater stressed the solid foundations of the national economy, whether related to infrastructure or in terms of the institutions’ ability to deal with changes, especially during the coronavirus pandemic and their ability to withstand and continue working, in addition to the incentive measures taken by the state to revive the economy and accompany com-panies to manage their new reality with the closures resulting from the precau-tionary measure, which will help in the coming period, break the 14,000-point barrier for the Qatar Stock Exchange index.
Al-Khater explained that the stability of the stock market index means fewer risks and greater polarization for foreign portfolios, which find in the strength of the national economy a safe haven that encourages more liquidity injections into the market, pointing to the realistic vision and sound planning of the decision-maker, especially with the completion of a con-servative budget based on a reference price of the dollar in limits of $45 a barrel, which contributes to more control over expenditures and man-agement of resources away from high levels of deficit
