Doha – Mubasher: The Qatar Stock Exchange (QSE) began reversing the negative tendencies it had on back of external factors, after exhibiting unmistakable signs of recovery from the shocks of lower oil prices and higher U.S. dollar interest rate, an analyst told Mubasher.
Financial expert Ayoub Eshban said despite unfavourable global and regional economics have curbed the market appetite earlier, the Qatari bourse became a point of attraction for foreign investment after hurdling 10,000 points yesterday.
Foreign investment started flowing into the market as prices became very attractive and following adequate assurances that the foreign exchange translation will be in favour of the Qatari Riyal.
Eshban went on to say that fresh catalysts began to emerge locally, including encouraging budget data, official confirmations that government spending will continue on megaprojects, as well as considerable corporate dividends, which suggests that the market will net decent profits in the coming period.
Translated by Pavly A. Makary
