Corrective movement in the stock market

The Qatar Stock Exchange index ended this week’s trading with a decline of 2.17 percent, losing its balance by 195.44 points compared to last week, falling to the level of 8810 points under pressure from all sectors, recording the fifth loss... The Qatar Stock Exchange index ended this week’s trading with a decline of 2.17 percent, losing its balance by 195.44 points compared to last week, falling to the level of 8810 points under pressure from all sectors, recording the fifth consecutive weekly loss.

In this context, Mr. Mubarak Al-Tamimi, a financial analyst, confirmed in a statement to Qatar News Agency (QNA) that the Qatar Stock Exchange witnessed noticeable selling pressure during the current week, in light of the declines that affected the global and regional financial markets, in conjunction with the continuing geopolitical tensions in the region and the world, which was reflected in investor morale and pushed them to adopt a more cautious approach in transactions. The analyst explained that the performance of the general index of the Qatar Stock Exchange is still affected by the state of uncertainty prevailing in the markets, adding that the index faces important technical levels. It requires follow-up, pointing out that the level of 8764 points represents a pivotal support level, and that breaking it may push the index to test the level of 8664 points, as it is the next support level, in the event of continued selling operations and increased pressure on the leading stocks. He pointed out that the movements of the index during the next stage will remain dependent on the extent of its ability to hold together at the support levels, in addition to developments in the geopolitical conditions and global market trends, explaining that the loss of support levels may

It enhances the possibilities of a continuation of the correction, while the stability of trading and the return of liquidity may open the way for attempts at a rebound. With regard to the lower price levels, the analyst explained that the range of 7997 to 8704 points represents a possible technical range to monitor in the event of a continuation of the decline, and not confirmation of a decided cross path, indicating that this region may attract the interest of some investors looking for opportunities for gradual entry, if indications of market stability and a decline in selling pressures appear. Regarding his expectations for the coming period, the analyst suggested The correction processes continue in the Qatar Stock Exchange, with geopolitical developments and global market fluctuations remaining among the most prominent factors that will determine the direction of the index, stressing that dealing with the current stage requires focusing on support and resistance levels, monitoring the performance of leading stocks, and not relying on price declines alone as a sufficient indicator of the attractiveness of purchasing opportunities. The analyst concluded by saying that the market is going through a sensitive stage that requires caution and carefully selecting investment opportunities, indicating that

Restoring positive momentum will remain linked to the index’s ability to consolidate, the return of purchasing liquidity, and the calming of geopolitical tensions. However, if external pressures continue and major support levels are broken, the correction wave may continue during the coming weeks.