Doha – Mubasher: Qatar Stock Exchange (QSE) began to turn back on the right track, giving signs of resilience to the undermining external factors, which were detected last session after recovering from the shocks of lower oil prices and higher U.S. dollar interest rate, financial analyst Ayoub Eshban said on Sunday.
“QSE will continue its positive performance in the upcoming period, reaching far beyond the level of 10,000 points; as some companies are expected to deliver considerable cash dividends, which should stimulate investment flows,” Eshban told Mubasher.
Eshban’s optimistic forecast goes back to the last trading session where he cited local fresh catalysts which were beginning to appear on back of encouraging budget data and official confirmations that government spending will continue on megaprojects.
The QSE’s main index closed Thursday at the level of 10,258.72 points after rising 0.41% or about 41.5 points.
