11 Hrs
Source:
وكالة الأنباء القطرية
Source: وكالة الأنباء القطرية
11 Hrsوكالة الأنباء القطرية
Source: وكالة الأنباء القطرية
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Qatar’s stock market index fell 0.370% over the week, shedding 37.47 points to close at 10,028, in a corrective move following strong gains of more than 10% in most sectors and profit-taking near the 10,205-point resistance level. Financial analyst Mubarak Al-Tamimi told QNA that the decline does not necessarily signal a change in the overall trend. He pointed to support at 9,919 points, followed by 9,857, and resistance at 10,205; a break above that level could pave the way toward 10,487 and then 10,719 points. He added that liquidity had reached levels not seen for some time, reflecting continued interest from local and foreign portfolios, particularly in blue-chip stocks. The fact that some shares reached their upper price limits, he said, points to strong demand.
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