Analyst to QNA: Half-Year Corporate Results and Geopolitical Conditions Weigh on QSE Performance

Doha, August 13 (QNA) - 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.
Commenting on the performance, financial analyst Yousef Buhlaiqa told the Qatar News Agency (QNA) 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 expected the market to regain its upward trend in the coming period, with investment opportunities emerging as a result of the decline in share prices recently, particularly as the upcoming period precedes companies' third-quarter financial results and investors are expected to seek gains based on those results.
He 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. Meanwhile, the telecommunications sector rose 0.84 percent, transport gained 0.32 percent, and consumer goods and services edged up 0.01 percent.
The financial analyst expected some trading sessions to witness slight volatility, while forecasting that the index would maintain its positive performance throughout the week and post a modest gain by its end.
The market recorded trading volume of 962,072,375 shares last week, with a value exceeding QAR 2.57 billion, through 109,125 transactions across all sectors. (QNA)