Regional de-escalation efforts bolster QSE performance
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) staged a robust rally this week, with the benchmark index climbing 1.9 percent to close above the 10,000-point mark, as improvi...
The Qatar Stock Exchange (QSE) experienced significant growth this week, with the benchmark index surging 1.9 percent to surpass the 10,000-point milestone. Regional geopolitical improvements and renewed foreign institutional investments bolstered investor confidence, driving the rally. The QSE index closed at 10,112.25, reclaiming the key 10,000-point level after impressive gains.
Market capitalization of listed companies rose by 2.4 percent, reaching QR608.2 billion from QR594.2 billion. Trading activity increased by 8.6 percent to QR1.698 billion, while total traded volume rose 3.6 percent to 678.2 million shares. Foreign institutional investors made a strong return, ending the week as net buyers of QR98.3 million, while Qatari institutions sold shares worth QR42.2 million.
Market breadth remained positive, with 39 of the 54 listed companies ending the week in positive territory. Analysts attribute the market's positive momentum to ongoing de-escalation efforts, optimism over the Strait of Hormuz reopening, and Qatar's strong economic fundamentals.
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- ‘Regional de-escalation efforts bolster QSE performance’ thepeninsulaqatar.com
- Regional de-escalation efforts seen to bolster QSE performance gulf-times.com
