Doha: The Qatar Stock Exchange (QSE) Index ended this week's trading down 0.9 percent, losing 91.41 points to reach 10,020.84 points compared with last week, under pressure from four sectors.
According to Qatar News Agency, financial analyst Yousef Buhlaiqa commented on the performance, stating that the decline in the stock market index was driven by geopolitical pressures in the region, in addition to the half-year financial results of listed companies coming in below expectations, which led to selling pressure on shares.
He anticipated that the market would regain its upward trend in the coming period, with investment opportunities emerging due to the recent decline in share prices. This expectation is particularly relevant as the upcoming period precedes companies' third-quarter financial results, with investors likely seeking gains based on those outcomes.
Buhlaiqa noted that the industrial sector recorded the largest losses, declining 3.18 percent, followed by the real estate sector at 2.06 percent, banks and financial services at 0.68 percent, and insurance at 0.19 percent. In contrast, the telecommunications sector rose 0.84 percent, transport gained 0.32 percent, and consumer goods and services edged up 0.01 percent.
He further expected some trading sessions to witness slight volatility but forecasted that the index would maintain its positive performance throughout the week and post a modest gain by its end.
The market recorded a trading volume of 962,072,375 shares last week, with a value exceeding QAR 2.57 billion, through 109,125 transactions across all sectors.