External factors affect QSE performance: Analyst – The Peninsula

External factors affect QSE performance: Analyst – The Peninsula

Qatar Stock Exchange (QSE) index lost 216.9 points at the end of trading in the second week of this month, falling to the level of 11.867 points, thus losing 1.79 percent compared to last week’s performance.

In this context, the financial analyst, Tamer Hassan, said that Qatar Stock Exchange index this week is under the influence of external factors, pointing to the importance of the index’s cohesion at levels of 11,700 points, which is a pivotal point for the general performance of the index and in case of breaking it will lead the index to unexpected directions.

In a statement to Qatar News Agency , Hassan pointed out that trading in the stock exchange completely ignores the internal stimuli of the national economy, which is translated by the high growth rates estimated at 4.9 percent during the current year, in addition to the strong results of the listed companies, which are expected to be higher than those recorded in the same period last year. The weekly report of Qatar Stock Exchange also indicated a decline in the market value at the end of the week’s trading to reach QR 660.056 billion, compared to its level last week of QR672.056bn, recording a decline