Doha: The Qatar Stock Exchange (QSE) index ended the current week with a 2.67 percent increase, adding 259.400 points to reach 9,961 points.

According to financial market analyst Youssef Bouhlaiqa, speaking to Qatar News Agency (QNA), the QSE index has been rising for five consecutive weeks and 18 consecutive days, approaching its largest weekly gains since December 28.

The financial market analyst noted that the QSE achieved weekly market gains of approximately QR12bn, with its capitalization increasing to QR575bn at the end of the week’s trading, up from QR563bn the previous week. The value of stock trading reached around QR2.186bn, with 677.266 million shares sold through 77,108 transactions across all sectors.

Doha: The Qatar Stock Exchange (QSE) index concluded the current week with a 2.67 percent increase, gaining 259.400 points to reach 9,961 points.

In remarks to Qatar News Agency (QNA), financial market analyst Youssef Bouhlaiqa noted that the QSE index has risen for the fifth consecutive week and the 18th consecutive day, heading toward the largest weekly gains since December 28.

Bouhlaiqa highlighted that the QSE achieved weekly market gains of approximately QR12bn, with its capitalization rising to QR575bn at the end of the week’s trading, up from QR563bn last week. The value of stock trading reached around QR2.186bn, with 677.266 million shares sold through 77,108 transactions across all sectors.

He pointed out that Nakilat achieved the largest gains during today’s session, with its stock rising by 3.7 percent. He also noted the increased demand for foreign portfolios to purchase, driven by growing confidence in the Qatari economy, as confirmed by the ratings of international credit agencies. Bouhlaiqa emphasized the QSE’s efforts to diversify products and investment channels for investors.

Bouhlaiqa remarked on the success of Wednesday’s session, which saw the listing of Techno Q shares, resulting in a 30 percent increase in stock price compared to the official opening.

Looking ahead, he mentioned that starting next July, investors will focus on the second quarter results of listed companies, beginning with Qatar National Bank (QNB).

Additionally, Al-Khaleej Takaful Insurance announced that S&P Global Ratings has upgraded the outlook for the company’s long-term credit rating from stable to positive, now rated BBB+. The company’s statement, published on the QSE’s website yesterday, emphasized its superior underwriting performance over the past five years, outperforming most of its domestic and regional peers.