The Qatar Stock Exchange (QSE) index ended this week's trading down by 0.280 percent, losing 28.3 points, and thus retreating to the level of 10,217 points.
The financial advisor, Ramzi Qasimia, expected a greater recovery of the QSE general index in the coming periods, especially in light of its ability to withstand when it approached the support barrier at 10,000 points in last Tuesday's session, saying that technically, the index is currently poised to achieve higher levels in the coming weeks.
In the same context, the financial advisor told Qatar News Agency that the performance of the QSE would also benefit in the coming period from macroeconomic indicators supported by the long-term agreements signed by QatarEnergy with many partners worldwide.
He added that the positive closing of the index in the last sessions of this week came from the impact of the news emanating from the decline in inflation rates in the United States, which is the lowest since April 2021, which reinforces the markets expectations that the US Federal Reserve (the central bank) will stop raising interest rates at the same pace, which prompted It strengthened the global financial markets and the markets of the region, including the Qatari market, in addition to the improvement in commodity prices globally in light of the rise in oil prices and reaching the highest level since April 2023, as well as the prices of urea, ammonia, and aluminum also improved, which was reflected in the performance of the industrial sector index, which improved by about 1.5 percent.
Qasimia said that the next week would witness the disclosure of the results of some companies listed on the QSE for the first half of the year, expecting an improvement in liquidity levels in light of investors' anticipation of new listings of shares of some companies, led by the share of MEEZA.
Source: Qatar News Agency