Impact of negative external factors on QSE more powerful than positive internal factors – The Peninsula

Impact of negative external factors on QSE more powerful than positive internal factors – The Peninsula

Doha: The general index of the Qatar Stock Exchange fell at the end of trading this week to 12,718 points, losing about 310.45 points, or 2.38 percent, compared to the end of trading last week.

Commenting on this performance, financial analyst, Tamer Hassan said in an exclusive statement to Qatar News Agency that the external factors are still a main driver of the performance of Qatar Stock Exchange. The biggest factor he said was potential developments in the US markets pertaining to inflation and unemployment. He noted that these factors have outweighed internal drivers represented in the solid and powerful performance of the Qatar economy with a growth rate of 6.3 percent at constant prices in the first half of 2022.

He added that, as the State of Qatar is getting closer to organising FIFA World Cup Qatar 2022, and awaiting the announcement of the results of the performance of companies during the nine months of this year, however, the results that have revealed until this moment results that are higher than anticipated, especially in such circumstances. He highlighted that the results of Qatar National Bank (QNB Group) came at important levels after the bank achieved an increase in its net profits