QSE seen nearing key support zone; demand may fuel rebound
The Qatar Stock Exchange index ended the week down 1.68%, losing 165.48 points from the previous week's closing to settle at 9,659 points as six sectors came under selling pressure .The banking a...
The Qatar Stock Exchange (QSE) index experienced a decline of 1.68% during the week, dropping 165.48 points from the previous close to close at 9,659 points. Financial analyst Mubarak al-Tamimi noted that six sectors faced selling pressure, with the banking and financial services sector losing 2.58% and the industrial sector gaining approximately 0.78%.
Technical analysis suggests the index is approaching a crucial support zone at 9,532 points. If this level holds and positive reversal signals emerge, a rebound may occur in the upcoming week. However, a break below 9,532 points could lead to a test of lower levels. Al-Tamimi advises close monitoring of the index's performance and liquidity in the coming sessions, as the outcome will be crucial in determining the market's direction.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
