The Qatar Stock Exchange (QSE) index concluded this week's trading down by 0.88 percent, losing 95.61 points to stand at 10,789 under the pressure of six sectors, on top of which is the transport sector that recorded a negative performance by 4.3 percent, followed by the real estate sector by 1.73 percent.

In that regard, financial analyst Tamer Hassan stressed in a statement to Qatar News Agency that the last two sessions of the current week were marked by profit-taking operations that explained the recorded declines. He expected an increase in the performance of the index during the coming period, especially in light of the optimism of dealers that it will be able to maintain its consistency at 10,720 points, and thus the possibility of re-breaking the barrier of 11,000 points, which the index crossed in the sessions at the beginning of the week.

Hassan said that the result of the listed companies gave the index momentum and strength to continue reaping gains, adding that the results of the listed companies that were announced so far were more than expected compared to those recorded in the past year or those recorded in the first quarter of this year, especially those achieved by the banking and financial services sector.

The financial analyst noted that the industrial sector is showing promising signs of positive results. This was highlighted by the recent performance of Nakilat, which saw a 6.1 percent increase in its half-term net profits and about a 9 percent increase in quarterly profits.

He pointed out that the average value of trading during the current week reached around QR 427 million, driven by the movement introduced by the Gulf portfolios, especially Saudi Arabia, as well as the purchases of Qatari individuals.

Source: Qatar News Agency