Qatar Stock Exchange awaits results of listed firms: analyst

Qatar Stock Exchange awaits results of listed firms: analyst

Doha: Qatar Stock Exchange (QSE) index went up by 1.270 percent at the end of the current week, gaining 129.820 points to reach 10,342 points compared to the last week.

In this regard, Financial analyst Youssef Bouhlaiqa told Qatar News Agency (QNA) that what distinguished QSE during the first week of April was the state of awaiting the results of the listed companies during the 2023 first quarter (Q1). He pointed out that the rises during the first sessions of the week took advantage of the OPEC+ decision to reduce oil production, which led to a rise in its prices in the global markets.

He explained that the declines during the last sessions of the week were due to profit-taking operations, expecting that the results of the listed companies that would be revealed next week with the announcement of the results of Qatar National Bank on April 10 would be better than those recorded in the same period last year, especially in the banking sector that benefits from raising the interest rates.

Bouhlaiqa pointed out that the current week saw a demand from foreign portfolios due to increasing confidence in the Qatari economy, supported by the ratings of international credit agencies, the latest