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Mubarak Al Tamimi told Qatar News Agency that the Qatar Stock Exchange index continued its decline over the week as selling pressure mounted amid regional geopolitical tensions and the absence of positive catalysts from semiannual dividend distributions. The financial analyst described the movement as a strong correction rather than the start of a prolonged downward trend, with external factors weighing on key banking stocks in particular. Al Tamimi noted that the benchmark had broken below important levels at 10,205 and 10,100 points, which intensified negative momentum and called for increased investor caution in the near term.
According to the analyst’s assessment shared with Qatar News Agency, the 9,528-point mark stands as a significant technical support level that could draw interest from market makers and investors looking to accumulate positions at discounted valuations. He added that a further decline toward this zone might create an entry point for liquidity to return and encourage gradual purchases by longer-term participants. Al Tamimi emphasised that such conditions often precede recovery phases in markets with solid underlying fundamentals, a pattern observed in previous QSE cycles tracked by the exchange’s own historical data.
Qatar Stock Exchange figures show the main index had been trading in a range above 10,000 points for much of the prior quarter before the latest pullback, reflecting broader pressures also evident in other Gulf Cooperation Council bourses according to data compiled by the Gulf Cooperation Council Secretariat. The analyst pointed to leading shares with strong balance sheets as likely candidates for renewed interest once the corrective phase stabilises. Al Tamimi advised medium- and long-term investors to monitor these support levels closely for potential opportunities in sectors tied to Qatar’s robust hydrocarbons and services economy.
A separate Qatar Central Bank report released earlier in 2026 placed non-oil sector growth at an annualised rate exceeding 4 percent, providing a macroeconomic backdrop that Al Tamimi suggested could underpin equity valuations once sentiment improves. The analyst cautioned that short-term volatility might persist until clearer signals emerge on regional stability and corporate earnings. He highlighted the importance of selective buying in fundamentally sound names rather than broad market exposure during the current phase.
Public records from the Qatar Stock Exchange indicate that market capitalisation stood above 500 billion riyals at the start of the year, with banking and industrials representing the largest weights in the index. Al Tamimi’s commentary to Qatar News Agency aligns with similar views expressed by regional strategists who track moving averages and volume trends on the platform. The analyst concluded that patient capital deployment at identified support could position portfolios for participation in any subsequent rebound driven by improved external conditions.
Qatar’s sovereign wealth fund and institutional investors have historically increased allocations during comparable corrective periods, according to filings reviewed by the Qatar Financial Markets Authority, a pattern Al Tamimi referenced indirectly in his remarks. The current episode follows a period of relative stability earlier in 2026 when the index benefited from higher energy prices and domestic fiscal spending. Market participants will continue to watch volume patterns and foreign investor flows for confirmation that the corrective phase is exhausting itself.
