Qatar’s stock exchange rose 1.75 percent at the end of March’s fourth week to close at 13,631.97.
Financial analyst Fawaz Al Hajri told Qatar News Agency (QNA) that the strong performance of Qatari stocks was down to two factors; the continued payment of good dividends, especially from stocks in the banking and industrial sector.
The second factor was related to geopolitical developments that led to the rise in oil and gas prices.
Al Hajri highlighted that Qatari stocks are acting as a safe haven in light of the Russian-Ukrainian war, thanks to the trust foreign portfolios have placed in the Qatari market.
He said that the recent period has seen the entry of big foreign portfolios.He also said that the Qatari industrial sector has been recording strong growth, benefitting from the rise in energy prices, which reflected positively on the financial results of petrochemical companies.
All these factors helped raise the index to levels not seen since 2014. He also said that fiscal spending related to the implementation of World Cup-related projects is stimulating different economic sectors like banking, real estate, and tourism
