By: Mohamed Farouk
Mubasher: The Qatar Stock Exchange’s (QSE) main index has succeeded in rebounding from 9,400 points on the back of a buying trend, technical analyst Ibrahim Al Filkawy told Mubasher.
The QSE’s benchmark index succeeded in closing above 10,000 points last week and is expected to maintain that level this week if the positive trend were to continue, he added.
The analyst expects the index would aim to reach 10,200 then, if positivity is maintained, rise towards 10,500 points.
If the Qatari bourse index were to fall below 10,000 points, its support level would be at 9,666 points, Al Filkawy forecast, noting that if this level were broken, the QSE may reach to 9,250 points.
Last week, the QSE’s benchmark index rose 2%.
Translated by: Mohamed Hesham Azab
