Doha: The Qatar Stock Exchange (QSE) index saw an increase of 0.65 percent this week, adding a total of 70,130 points, bringing the index to 10,933 points compared to the previous week’s close.

According to Qatar News Agency, the banking and financial services sector led this week’s gains with a 1.56 percent increase, followed by the telecommunications sector with a 0.63 percent rise. However, the transportation sector experienced the largest decline, dropping by 0.74 percent.

Financial market analyst Youssef Buhulaiqa commented that the positive financial results reported by Qatar National Bank (QNB) and Dukhan Bank, both of which are listed companies that have disclosed their results, will likely enhance market optimism and increase investor confidence. This comes despite recent market slowdowns.

Buhulaiqa observed that the financial results of these banks were quickly mirrored in their market value, which remained stable and saw a notable increase. He emphasized the importance of timely disclosure of company results, as it might lead to unexpected positive developments that could cause stock prices to rise rapidly, potentially resulting in a sudden surge in the Qatari market.

Additionally, Buhulaiqa pointed out that while some companies have announced the approval of their general assemblies or boards of directors to appoint market makers, the actual implementation has been limited. He forecasts that there will be significant efforts to reactivate this essential role in the near future due to its positive impact on liquidity and market stability.