'Expected rise in QSE index performance supported by companies’ results'

Doha: The Qatar Stock Exchange (QSE) index ended the current week s trading with an increase of 0.72 percent, gaining 72.460 points to its balance, th...

Doha: The Qatar Stock Exchange (QSE) index ended the current week’s trading with an increase of 0.72 percent, gaining 72.460 points to its balance, thus rising to 10,1251 points, supported by the telecommunications sector, which achieved weekly gains of 3.590 percent growth, and the banking and financial services sector, which increased by 1.520 percent.

In this context, financial analyst Youssef Bouhlaiqa told Qatar News Agency (QNA) that the QSE index would maintain its performance and continue to rise in the coming period, benefiting from the results achieved by the listed Qatari companies.

Bouhlaiqa said that the figures revealed by the QSE regarding the companies’ results would increase the attraction of investors and enhance the market’s liquidity in the coming period.

He pointed out that the QSE index rose by 0.7 percent in the past five days, while it fell by 0.7 percent in the past 30 days, but it is 10.5 percent higher than its lowest level on May 30, 2024.

Figures issued by the QSE showed a 5.5 percent increase in the profits of listed Qatari companies during the first half of 2024, reaching QR25.72bn, compared to nearly QR24.386bn in the same period of 2023.