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NewsFinancial advisor: The companies' results in the first quarter constitute the main driver of market trends during the coming...

Financial advisor: The companies’ results in the first quarter constitute the main driver of market trends during the coming period



The Qatar Stock Exchange index continued its positive performance during the second consecutive week of March, to rise by 2,060 percent, adding 206,410 points to its balance, reaching the level of 10,212 points, compared to its closing last week.

Regarding this performance, Ramzi Qasimia, the financial advisor, said in a statement to Qatar News Agency (QNA) that investors in the Qatar Stock Exchange are awaiting the results of the companies in the first quarter of the year 2023, as these results will be the main driver of market trends during the coming period, pointing out that the session The end of the week of March coincided with the monthly and quarterly closings, as the general index of the Qatar Stock Exchange increased during the current week by 2.3 percent, while the performance of the index for the month of March decreased by 3.4 percent, and the index also witnessed a decline at the end of the first quarter of the year current rate of about 4.39 percent.

Qasimia attributed the decline in the general index to the decline in the performance of the banking sector during the first quarter by about 1.1 percent, the decline of the real estate sector by 7.7 percent, and the transport sector by 4 percent, while the telecommunications sector rose by about 10.6 percent, and the industrial sector by 5.5 percent. .

He pointed out that the shares of Gulf International Services achieved gains during the first quarter of the year, with a growth of 21 percent, the Commercial Bank by 16.2 percent, and Investment Holding by 15.2 percent, while the transportation and services sectors closed in the green zone during the current week, with a growth rate. touched 3.5 percent.

The weekly report of the Qatar Stock Exchange revealed an increase in the market value at the end of the week’s trading, to 592.485 billion riyals, compared to its level last week, which amounted to 580.395 billion riyals, while the value of stock trading was about 2.530 billion riyals, through the sale of 986.228 million shares, as a result of the implementation of 87,671 deals in all sectors.

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