Doha: The Qatar Stock Exchange (QSE) index ended this week’s trading up by 0.66 percent, adding 69 points to stand at 10,514 points.
According to Qatar News Agency, investment manager at Qatar Securities Company (QS) Ramzi Qasmieh stated that the QSE index closed at its highest point during the current week, as its weekly movement ranged between 10,514 points and 10,362 points.
Qasmieh noted that most sectors closed in the green zone, with the transportation sector achieving the highest performance during the current week with gains exceeding 3 percent. This was followed by the communications sector with gains of 1.8 percent and the real estate sector with nearly 1.7 percent, while the insurance sector index remained stable.
He highlighted that the best-performing stocks during the current week were mostly those outside the index sample, except for Nakilat, which rose by 3.8 percent, UDC by 3.78 percent, and Milaha by 2 percent. The most declining stocks during the current week were Gulf International Services, which fell by nearly 6 percent, followed by Lesha Bank, which fell by 4.5 percent.
Qasmieh pointed out that today’s session closed with an increase of about 0.21 percent, reaching the highest level of the index during this week at 10,514 points, driven by the rise in transportation sector shares, as well as shares such as Kahramaa and Dukhan Bank at the close.
He remarked that the volatility in global financial markets, the trading of some Qatari stocks without entitlement to cash dividends, and the decline in liquidity levels were factors affecting the performance of the QSE.
Qasmieh mentioned the uncertainty in markets due to US tariffs imposed on several countries and their impact on inflation and global economic growth. He emphasized that the global demand for oil is a concern for Gulf countries, as the repercussions of these tariffs have started to manifest, with the price of a barrel of Brent crude oil dropping below USD 70 for the first time in nearly six months.