Doha: The Qatari Stock Exchange (QSE) main index continued its positive performance for the second week in a row during March to rise 2.06 percent, adding 206.410 points to reach the levels of 10,212 points compared to last week’s closing.
Regarding this performance, Financial advisor Ramzi Qasimia told Qatar News Agency (QNA) in a statement, that investors in the Qatar stock exchange are awaiting the companies’ results of the first quarter (Q1) of 2023 as these results form the main driver of the market trends during the coming period.
He pointed out that the end of the current March week’s session coincided with the monthly and quarterly closings as QSE rose, during the current week by 2.3 percent, while the performance of the index for March decreased by 3.4 percent. The index also saw a decline at the end of 2023 Q1 by around 4.39 percent.
Qasimia attributed the decline in the general index to the decline in the performance of the banking sector during Q1 by about 1.1 percent, the decline in the real estate sector by 7.7 percent, and the transport sector by 4 percent, while the telecommunications sector rose by about 10.6 percent, and the industrial sector by 5.5 percent. He pointed out that the shares of Gulf International Services achieved gains during 2023 Q1, with a growth of 21 percent, the
Commercial Bank by 16.2 percent, and Investment Holding by 15.2 percent, while the transportation and services sectors closed in the green zone during the current week, with a growth rate that touched 3.5 percent.
The weekly report of QSE revealed an increase in the market value at the end of the week’s trading to reach QR 592.485bn, compared to its level last week, which amounted to QR 580.395bn, while the value of stock trading was about QR 2.530bn through the sale of 986.228 million shares, as a result of the implementation of 87,671 deals across all sectors.
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