Doha – Mubasher: New compelling catalysts are key to pave way for many funds and portfolios to put their money back to work in the Qatar Stock Exchange (QSE), which appears volatile due to falling oil prices, according to financial analyst and economic advisor, Ayoub Eshban.
“The Qatari market now witnesses large cash-ins as companies announce their financial statements. The benchmark index’s trading value exceeded QAR 300 million, trading volume neared 7 million traded shares and the number of trades came to about 4,000 trades,” Eshban explained to Mubasher.
“Profit distributions restored confidence to shareholders, and gave an indication that the bourse will step back in the right direction,” he added.
QSE main index closed Monday at the level of 9,742.78 points after advancing 1.03% or around 99.13 points.
