Doha: Qatar Stock Exchange (QSE) index went up by 2.080 percent at the end of the current week of February, gaining 217.250 points to reach 10,641 points compared to the last week.
In his analysis of QSE developments, financial market analyst Youssef Abou Hliqa said that the dividends announced by Industries Qatar revived QSE trading and contributed to raising its performance during the current week, expecting that the company’s shares and the shares of Qatar National Bank will lead the performance during the coming period.
The financial market analyst pointed out that Industries Qatar’s announcement of distributing profits of 110 percent of the nominal value of the share, representing 8.5 percent as a return, compared to the share today’s trading price, gives impetus to trading as it is higher than the interest rates suggested by banks.
Abou Hliqa indicated that QSE today’s trading saw purchase operations by local portfolios, adding that all these indicators affirm that QSE is in the right direction, expecting a positive performance during the coming period.
Abou Hliqa stressed that the positive results of the listed companies - announced so far - are still within the expectations of investors despite the decline recorded by some of them, which will enhance the market movement supported by the strong foundations of the Qatari economy.
The weekly report of the Qatar Stock Exchange revealed an increase in the market value at the end of the week’s trading, to reach QR594.027bn, while level last week, which amounted to QR 588.041bn, while the value of stock trading was about QR2.093bn through 573.047 million shares, as a result of the implementation of 72475 deals across all sectors.
