Doha, Qatar: The Qatar Stock Exchange (QSE) index wrapped up this week’s trading up by 0.28 percent, gaining 28.81 points to stand at 10,347 points, supported by the industrial sector, which increased by 1.07 percent, and the banking and financial services sector, which increased by 0.04 percent.
In remarks to Qatar News Agency (QNA), financial market analyst Youssef Bouhlaika said that the rise recorded by the general index during the current week benefited from the positive performance of the shares of some leading companies, in addition to fluctuations in oil prices related to the events in the Red Sea.
Technically, Bouhlaika expected that the coming period would witness rebounds in the performance of the general index associated with a decline in the prices of some stocks and marginal profit-taking operations, noting that the current week witnessed selling operations by foreign portfolios.
He urged investors to keep shares in light of the difficulty of predicting share price changes in the current period, especially if the information received from companies or others is subject to market expectations, and thus the possibility of influencing market trends remains limited, which explains the decline in the share prices of some companies when good results are announced. He said that it is a proposition that is commonly called the ‘random walk’ theory among stock market traders.
Bouhlaika added that during the current week, the QSE saw average trading of nearly QR640m.
