Ahmed Akl: The positive results of the listed companies stimulated trading
Mohammed Al-Balam: The time is right to establish new financial centers in the stock exchange
The stock exchange concluded trading yesterday, Wednesday, the first session after returning from the Eid Al-Fitr holiday, in green, with the support of 6 sectors led by transportation.
And the performance of the session supported the growth of 6 sectors, led by transportation by 3.30%, while real estate fell alone by 0.36%, while the stock advanced "intrepid" rises by 10%, while it came "United Development" On top of the declines by 2.19%, and regarding trading, liquidity increased to 487.37 million riyals, compared to 234.18 million riyals last Thursday, and trading volumes increased at 163.9 million shares, compared to 90.59 million shares in the previous session, and 21.2 transactions were executed. Experts’ opinions On this movement, a number of experts in the financial markets confirmed that the rise recorded yesterday in the stock market was expected, in light of many data that supported the market and led directly to this result with the return of trading in the first days after the Eid al-Fitr holiday, putting the positive results The achievements achieved by most of the companies listed on the stock exchange during the first quarter in the forefront, in addition to the premium stock prices, which constituted a real incentive to increase the volume of trading in the current stage, which will constitute a real occasion for the establishment of new financial centers on the stock exchange by various investors, whether individuals or companies. An expected rise In his speech to Qatari media, financial expert Ahmed Aqel said that the Qatar Stock Exchange’s recording of this rise in the first trading sessions after the Eid holiday was expected and expected during the past days, which witnessed clear activity in various financial markets in the world, which affected even our local market, which It recorded a significant jump yesterday, at the close of trading, with the general index rising by 1.43% to reach 10072.3356, gaining 142.23 points from last Thursday’s level, due to many factors, the first of which is the positive results achieved by most of the companies listed on the stock exchange during the first quarter.
Akl explained this by emphasizing that about 26 listed companies were able to record an increase of more than 2% of profits in the first three months of this year, prompting many investors to renew their confidence in these companies, and to enter strongly in the trading market in its first days after the blessed Eid Al-Fitr holiday. Pointing out the possibility that these results constitute the beginning of the stock market’s return to achieving positive results in the coming period, especially in the event that it crossed the barrier of 10 thousand and 150 points, which will pave the way for the search for reaching the summit again and exceeding the barrier of 10 thousand and 400 points. For his part, the investor, Mohammed Al-Balam, stated that the rise recorded in the stock exchange’s transactions on the first trading day after the Eid Al-Fitr holiday reflects the move of investors in the stock exchange to establish new financial centers in the coming period, by taking advantage of its current advantages, especially the stimulating stock prices. On the trading operations, which clearly declined in the last period, with the increase recorded in interest rates, which caused a lot to withdraw liquidity from the Stock Exchange and direct it to the banks. Al-Balam considered this increase as the first step towards achieving better numbers in the local financial market during the next stage, which will undoubtedly witness a doubling in the volume of recorded trading, especially with the positive results recorded by most of the companies listed on the stock exchange in the first quarter of this year, and their progress Towards repeating this in the expected results of the first semester, which will be announced about two months from now.
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