The Qatar Stock Exchange (QSE) index continued its positive performance for the second week in a row in March, 2022 to gain 169.980 points and close at 13,633 points, gaining 1.26 percent compared to last week’s transactions, supported by purchases of foreign portfolios.
In this context, the Financial Analyst Ahmed Maher, commenting on the developments of the Qatar Stock Exchange during the second week of March, 2022, said that in terms of trading, the index is going through its brightest period since Qatar Stock Exchange index joined the MSCI Emerging Markets Index, previously Morgan Stanley in 2014, as a result of the great demand from foreign portfolios to buy Qatari shares during this period in which global markets are witnessing great turmoil and affected by the geopolitical changes resulting from the Russian military escalation in Ukraine.
The MSCI Emerging Markets is known as the market capitalization index. It is designed to measure the performance of equity markets in emerging markets around the world.
The weekly report of the Qatar Stock Exchange said that the market value of the shares amounted to QR768.64bn at the end of trading, compared to QR768.58bn last week. The financial analyst pointed out, in a statement to QNA, that foreign portfolios are currently looking for safe havens that achieve high returns, noting that these elements are available in the Qatari Stock Exchange, which is among the best in the Gulf in terms of performance, as foreign liquidity targeted the assets of the leading companies in the stock exchange with good returns, similar to the shares of some industrial sectors that have been dropping foreign capital as a result of the linkage of the prices of their products to oil prices.
The weekly report indicated that trading value during this week accounted QR 5,726bn, distributed over 1.767 million shares with 90,476 transactions.
Maher said that the investors expect good performance of these companies during the first quarter of this year, pointing out that the banks had a share of foreign investments, as it is considered a front for the solidity of the Qatari economy and thus the demand for buying its shares.
To conclude his weekly analysis of the performance of Qatar Stock Exchange, Ahmed Maher explained that the approval of a number of general assemblies to allow foreigners to own 100% of the companies capital contributed to further pumping foreign liquidity into the Qatari market and everyone is waiting for these measures to be implemented.
