Doha: Qatar's stock market closed higher on Monday, with the benchmark index gaining 128.95 points, or 1.30%, to finish at 10,083.79 points. A total of 145.2 million shares were traded during the session, with a combined value of QR410.3m across 51,233 transactions covering all sectors. Shares in 38 companies advanced, while nine declined and six closed unchanged. Market capitalization rose to QR604.59bn at the close of trading, up from QR597.83bn in the previous session.

According to Qatar News Agency, the positive performance was observed across all sectors, contributing to the overall increase in market capitalization. The momentum was driven by investor confidence and trading activities that saw a significant turnover in terms of volume and value. The broader market dynamics reflected strong performances from leading stocks, which helped propel the index upward.

Market observers note that the upward trend in the Qatar Stock Exchange is indicative of favorable economic conditions and investor sentiment. The increase in market capitalization highlights the robust nature of the financial market, suggesting a positive outlook for the coming sessions. As more investors engage with the market, the overall trading environment is expected to remain buoyant.