Doha: The Qatar Stock Exchange (QSE) index experienced a 1.07 percent decline this week, shedding 113.44 points to close at 10,455 points. This downturn was primarily driven by the industrial sector, which recorded the largest drop at 2.04 percent, followed by the services and consumer goods sector with a 1.09 percent decrease, and the real estate sector, which fell by 1.05 percent. According to Qatar News Agency, financial markets analyst Youssef Bouhlaika stated that the QSE index is currently 14.1 percent above its lowest point since May 30, 2024, but still 3.5 percent below its highest level over the past 52 weeks. Bouhlaika highlighted that the index is striving to stay near the support range, fluctuating between 10,400 and 10,500 points, while investors are keenly observing the resistance zone around 10,800 to 11,000 points. Bouhlaika also noted that in today's trading session, the general index increased by 0.34 percent, reaching 10,455 points, which is a gain of 35.04 points since Wednesday. In te rms of stock performance, Ezdan Holding achieved the highest trading volume with 16.81 million shares, whereas QNB stock led in liquidity with QR 49.8 million. Trading values for the weekend session rose to QR 389 million, up from QR 363 million on Wednesday, with trading volumes increasing to 134.59 million shares from 133.34 million shares. The number of executed deals also saw a rise, with 16,052 deals compared to 15,049 in the previous session.
Financial Analyst Discusses QSE Index Performance Amid Market Fluctuations.
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