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Qatar Stock Index Gains 1.9% on Tension Relief

Qatar Stock Index Gains 1.9% on Tension Relief

The Qatar Stock Exchange indices rose by 1.93% over the week, with the market index surpassing the 10,000-point level as a result of improved sentiment and decreased regional tensions. This was supported by gains across six sectors, led by insurance with a 3.52% increase and telecommunications with a 3.51% rise. The market traded approximately 678.2 million shares valued at around 1.69 billion Qatari riyals, with expectations that trading will continue above the 10,000-point mark, possibly boosted further by progress towards reopening the Strait of Hormuz.

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