How will FIFA 2022 impact Qatar Stock Exchange? – The Peninsula

How will FIFA 2022 impact Qatar Stock Exchange? – The Peninsula

Qatar’s stock market is sensitive to FIFA announcements. The analysis of the movement in the stock returns and market returns showed that FIFA announcements affected the stock market performance. InvestoWWrs and portfolio managers reacted to the announcement involving the market index. The bullish stock market trend reflects investors’ confidence in companies and the overall economy. The positive news influences the decisions of investors positively. FIFA announcements bullish stock prices, reflecting investors’ optimistic expiration (AlRefai & Eissa, 2017).

The stock market index’s performance is considered the barometer to measure economic growth. The movement in the stock prices and indices reflects the confidence of investors and consumers in the economy. Consumer and investor confidence drives growth, positively affecting expectations and prices. Many theories in behavioral finance explain that the stock price is affected by investors’ expectations, sentiments, and confidence. The feelings and emotions of investors are expected by the news, information, and events that affect stock prices. FIFA 2022 is a historic and prestigious tournament hosted by Qatar. The event is expected to significantly and positively impact the exchange performance (AlRefai & Eissa, 2017).

FIFA 2022 is expected to contribute $17bn to Qatar’s economy. Many sectors of the economy will benefit from the tournament.