The telecom and transport sectors exhibited strong growth in net earnings but overall the profitability of the Qatar Stock Exchange (QSE)-listed firms were on the decline in 2019.
The Qatar Stock Exchange closed in the negative this week, which otherwise saw the US Congress reaching an agreement on the massive $2tn stimulus package to mitigate the rising risks from the global pandemic Covid-19.
The Qatar Stock Exchange Wednesday vaulted 258 points in index and QR16bn in capitalisation, mirroring the global sentiments in view of the US Congress reaching an agreement on the massive $2tn stimulus package
An across-the-board buying, notably within telecom sector, Tuesday led the Qatar Stock Exchange (QSE) gain more than 17 points, a day after the mayhem.
The Qatar Stock Exchange Sunday opened the week on a stronger note, albeit at lower levels, mainly on weakened net selling pressure from local and non-Qatari retail investors.
The government's proposed financial package on Monday substantially lifted sentiments on the Qatar Stock Exchange (QSE), whose key index rose above 8,400 levels.
The Covid-2019 pandemic-led US’ ban on European travellers and the oil price shock had their considerable influence on the Qatar Stock Exchange (QSE), which lost 1,079 points in key index and more than QR59bn in capitalisation this week.
Reflecting global sentiments, the Qatar Stock Exchange on Thursday witnessed a 383 points and QR20bn decline in key barometer and capitalisation respectively.
Strong buying — especially in the transport, consumer goods and banking counters — Tuesday lifted the Qatar Stock Exchange 273 points in index and more than QR18bn in capitalisation.