‘Half-year corporate results and geopolitical conditions weigh on QSE performance’
<p>Doha: The Qatar Stock Exchange (QSE) Index ended this week’s trading down 0.9 percent, losing 91.41 points to reach 10,020.84 points compared with last week, under pressure from four sectors.</p> <p>Commenting on the performance, financial analyst Yousef Buhlaiqa told the Qatar News Agency (QNA) that the decline in the stock market index was driven by geopolitical pressures in the region, in…
The Qatar Stock Exchange (QSE) Index experienced a slight decline this week, dropping 0.9 percent to 10,020.84 points. Analysts attribute the drop to geopolitical tensions in the region and disappointing half-year financial results from listed companies, which led to share price selling pressure. Commenting on the market's outlook, Yousef Buhlaiqa, a financial analyst, anticipates a recovery in the coming period as investment opportunities arise due to recent share price declines.
The industrial sector suffered the most significant losses, declining 3.18 percent, while the real estate sector fell 2.06 percent, banks and financial services dropped 0.68 percent, and insurance firms experienced a 0.19 percent decrease. Conversely, the telecommunications sector saw a gain of 0.84 percent, transport rose 0.32 percent, and consumer goods and services increased by a negligible 0.01 percent.
Analysts expect some trading volatility and believe the index will maintain its positive trend throughout the week, ending with a modest gain. The market witnessed a trading volume of 962,072,375 shares, valued at over QR2.57 billion, across 109,125 transactions spanning all sectors.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
