DOHA: Yesterday the Qatar Stock Exchange Index broke the 14,000 point resistance to close 2% higher for the week.
Financial analyst Ramsey Kasmiya told Qatar News Agency (QNA) that the rise was due to strong earnings in the first half, up nearly 29.2% year-on-year. He added that the recent rally in global equities also contributed to the strong performance of the Qatar index, especially in retail sales.
Financial analysts expect the results of the semi-annual review of the FTSE Emerging Markets Indices to be released, highlighting strong demand and purchases by foreign funds for key stocks such as Commercial Bank, Industries, The Bank and Nakirat. Did.
The market value reached QR781.054bn by the end of the week, an increase of 2.5% compared to last week’s level, which reached QR762.070 billion last week, according to the Qatar Stock Exchange’s weekly report.