Qatar Stock Exchange (QSE) index caught its breath in the trading of the last week of June, to close with a rise of 3.730 percent, adding to its balance about 437.860 points, and reaching the level of 12,191 points, compared to transactions last week.
On the performance of the stock exchange, the financial analyst Ahmed Aqel, said in a statement to Qatar News Agency (QNA) that the Qatari market achieved, from the beginning of this year until the end of its first half, a growth rate of 4.86 percent, considering it a “good” rate in light of the difficult circumstances that the world markets have gone through it, which is due to two main reasons, the first is the Ukrainian-Russian war, and the second is the high rates of inflation and the accompanying hike in the interest rate, and behind it the price of the dollar.
Aqel pointed out that the liquidity levels improved significantly during the first half of this year, and its contribution to raising the performance of Qatar Stock Exchange index, which is supported by high oil prices, government policies, strong economic performance and sound planning, which were reinforced by indicators issued by the Planning and Statistics Authority recently, which were related to balance surpluses which jumped by 120.1 percent on an annual basis compared to May last year, and increased by 7 percent compared to April of this year.
The financial analyst pointed out that the coming period is characterised by uncertainty, especially as various markets are under the influence of raising interest rates, especially in light of the anticipation of the US Federal Reserve’s decision (the US Central Bank) on July 27, which is also likely to raise the interest rate.
The weekly report of Qatar Stock Exchange also indicated an increase in the market value at the end of the week’s trading to reach QR684.020bn, compared to its level last week of QR659.723bn, recording an increase of 3.6 percent.
Aqel indicated, in his statement to (QNA), that the state of anticipation and fears in the markets is not only related to the decision of the US Federal Reserve, but is also related to the report of the US Bureau of Economic Analysis regarding growth in the second quarter, which will determine if the US economy will enter into a contraction for the second consecutive quarter, and what this means in terms of economic stagnation, pointing out in this context that the investor in the Qatari market is safe from these pressures that afflict global markets unless they extend over time.
The weekly report pointed out that the value of stock trading, during the week that ended its trading today, amounted to QR2.709bn, through the sale of 873.200 million shares, which were executed after concluding 76.428 deals.
To conclude his statement to Qatar News Agency, Ahmed Aqel, expected that Qatar Stock Exchange index would continue its positive performance in the medium and long term, in light of the positive performance of listed companies, especially those operating in the banking and industrial sectors, as well as thanks to the positive repercussions of organizing the FIFA World Cup Qatar 2022 events.
