QSE ends in green zone on improving investor sentiments, eyes 10,000 level

This week, the Qatar Stock Exchange (QSE) index surged 2%, reaching 9,876 points in the green zone, driven by strong performances from sectors like communications and transportation, up by 3.81% and 2.92%, respectively. Financial markets analyst Yousef Buhlaiqa noted that investor sentiment improved, buoyed by easing geopolitical tensions and renewed hopes for progress in Iran-related diplomatic efforts.

The index climbed to near the 9,900 point mark, supported by increased purchases, particularly of Nakilat company shares. Buhlaiqa believes the market sentiment indicates growing appetite, as fears related to regional conflicts' impact on energy and trade markets diminish. He predicts the QSE index will continue to rise toward the 10,000-point target in the upcoming week, contingent on oil prices, regional negotiations' progress, and liquidity improvements in key stocks.

This market rally coincided with a decline in global oil prices, as concerns subsided about supply disruptions and the reopening of the Strait of Hormuz.