Doha: The Qatar Stock Exchange (QSE) index closed this week with a 0.03 percent decrease, losing 3.33 points to reach 10,619 points, compared to last week’s close, under pressure from five sectors, as the transportation sector recorded the largest losses of 0.980 percent, while the banking and financial services sector achieved the highest gains of 0.240 percent.
In this context, financial markets analyst Youssef Bouhlaika told Qatar News Agency (QNA) that the QSE index is expected to break the 11,000-point barrier in the coming period, supported by several factors, the first of which is the continued positive financial results of listed Qatari companies, which reflects their stability and ability to achieve sustainable profits. Secondly, the continued implementation of major projects in the energy sector and infrastructure related to diversifying the economic fabric, which enhances the attractiveness of the market and increases investor confidence.
The financial markets analyst pointed out that despite the challenges witnessed by some sectors, some sectors such as the financial sector and the consumer goods and services sector showed a noticeable improvement, reflecting investors’ confidence in the sustainability of the performance of these companies, noting that the general index rose by 3.9 percent in the past thirty days.
He pointed out that the value of trading during the past week amounted to QR 1.484 billion, with an average trading of nearly QR 297 million.
Bouhlaika emphasized that announcing the remaining results listed on the QSE during the coming period will introduce more activity to the stock exchange, especially after approving the distributions in the general assemblies that were given the signal to start with the Gulf Warehousing Company, which approved the distribution of cash dividends to shareholders in the amount of QR 0.10 per share, at a rate of 10 percent of the net profits achieved for 2024.
