Doha: Continuing its winning streak, the Qatar Stock Exchange (QE) Index surged 186.47 points or 1.9 percent to close at 10,094.81, yesterday. The index has around 400 points (394 points to be exact) in the past five trading sessions.
The volume of shares traded yesterday increased to 480.4 million from 336,030,481 on Sunday and the value of shares increased to QR735m from QR394m on Sunday.
Indices of all sectors moved up yesterday. QSE Total Return Index gained 1.88 percent to close at 19,406.95 points. QSE Al Rayan Islamic Index increased 2.10 percent to close at 4,160.33 points. QSE All Share Index added 1.75 percent to close at 3,116.30 points.
The shares have moved up consistently after US election results began to show a certain victory for the Democratic presidential challenger Joe Biden.
The QE index has surged over 200 points from November 3 to November 8. QE index, which measures the 20 largest and most liquid stocks, climbed to 10,094.81 points yesterday from 9701 points on November 3.
Although QE index has moved up consistently since last Tuesday, but yesterday's rise was the biggest surge witnessed by the stocks since counting of US elections began.
On Thursday, the index had gained around over 162 points, driven by strong investors' demand. Going forwards the direction of stock market will be determined by the policies adopted by the new US government.
