QE Index surges nearly 17% in four months – The Peninsula

QE Index surges nearly 17% in four months – The Peninsula

The QE Index has risen around 17 percent or 2,000 points in the first four months of this year, driven by strong performance by companies listed in the Qatar Stock Exchange.

The QE Index surged to 13,590 points at the end of April from 11,625 points at the end of last year, registering a gain of 1,965 points during the last four months.

During April, the index has risen around 58 points as it had started the month at 13,532 points. March proved a good month for Qatari stocks as the QE Index had started the month at 12949 points and ended at 13533 points, recording a monthly gain of 584 points.

The quarterly performance of the index has been much better. The monthly rise in March helped the QE Index to end the first quarter (Q1) of this year with a gain of over 1,900 points or 16 percent.

Even February was a positive month for the stock market investors. The QE Index recorded a gain of 450 points as the index had closed at 12498 on January 31 this year compared to 12,949 points on February 28.

Of all the months this year, January gave the best monthly gains to investors. The QE