Qatar stock market momentum continues as the Qatar Stock Exchange (QSE) finishes its fifth week of gains. The index added 54.55 points and closed at 10,574.59. This marked the highest level since mid-February.
To begin with, Investor sentiment remains strong. Improved global conditions and rising liquidity are boosting Qatar stock market momentum. Market capitalization increased to QR624.6 billion from QR618.6 billion last week.
Among the 53 listed firms, 35 stocks gained value. Estithmar Holding surged 10.1 percent, becoming the best-performing stock. In contrast, Qatar Cinema and Film Distribution dropped by 9.4 percent.
Additionally, leading the QSE performance were QNB Group, Industries Qatar, and Qatar Electricity and Water Company. These three companies contributed over 50 points to the index. Their strong performance reinforced Qatar stock market momentum.
Trading activity saw sharp growth. Total traded value rose by 19.6 percent, reaching QR2.34 billion. Meanwhile, total volume jumped by 19.9 percent, with over 1 billion shares traded. Baladna led in volume, while Estithmar Holding topped in trade value.
On the other hand, transaction numbers increased to 96,142, up by nearly 9 percent. This rise in activity shows growing interest from both local and foreign investors. Foreign institutions remained net buyers, contributing QR199.3 million. They added steady support to Qatar stock market momentum.
Meanwhile, Qatari institutions sold fewer shares than last week, signaling more balanced behavior. Foreign retail investors sold QR36.8 million worth of shares, while Qatari retail investors sold QR109.4 million. Despite this, the market remained on an upward path.
Sector-wise, insurance stocks rose the most, climbing 3.12 percent. The industrial sector followed with a 1.86 percent gain. The transportation sector declined by 1.36 percent due to weak demand.
Looking ahead, analysts remain optimistic. They believe that easing inflation and better company earnings will support QSE performance. Still, global volatility and local retail selling may cause short-term challenges.
In Conclusion, the upward trend in Qatar’s stock market shows growing investor trust and robust backing from institutions. Attention now turns to individual stock performance and strong financial results.
