Doha: The Qatar Stock Exchange (QSE) index experienced a significant upturn this week, closing with a 1.94 percent increase. This surge added 214.73 points to the index, bringing it to a total of 11,307.85 points. The positive momentum was bolstered by the performance of most sectors.

According to Qatar News Agency, financial market analyst Youssef Bouhlaiqa highlighted the market's transition to an upward trajectory this week. Bouhlaiqa anticipates further gains in the upcoming period, attributing this confidence to the market's resilience and recovery from last week's declines. He emphasized the robust investor confidence in the Qatari economy, which has spurred financial position building and buying opportunities.

Bouhlaiqa noted that the market experienced substantial buying pressure, with transactions exceeding QAR one billion today. This activity was largely influenced by the implementation of the semi-annual review of the FTSE Russell Emerging Markets Index, which was enacted after the Qatari market's closure today. The review included companies such as Investment Holding Company in the mid-cap index, and Aamal, Al Mahhar Holding, and Doha Insurance Group in the smaller-cap index.

In his comments to Qatar News Agency, Bouhlaiqa also mentioned that the recent reduction of the US interest rate by 25 basis points, mirrored by a similar reduction in Qatar, significantly contributed to the market's rise.

Additionally, the QSE's weekly report disclosed that the total stock trade value reached approximately QAR 2.9 billion. This figure was achieved through the trading of 1.05 billion shares across 121,622 transactions.