Sheikh Tamim bin Hamad
Sheikh Tamim bin Hamad

The financial market in Qatar revealed the continuation of the working hours announced for all securities to be from ten in the morning until one o'clock in the afternoon, starting today morning 8/8/1441 AH corresponding to 7/4/2020 AD.

In a related context, the Qatari Stock Market, known as (QSE - Market Watch), revealed that the announced trading hours for all listed securities will continue to operate.

"QSE - Market Watch", in an official statement this morning, stressed its ability to reach all its operational systems, implement market operations at all times and enable market participants to conduct their business normally.

In this regard, an official source at the Qatari Ministry of Interior revealed yesterday evening curfew 24 hours a day in a number of Qatari cities that included Doha, Al Khor, Al Wakrah, Al Rayyan and others.

Whereas, the Qatari market has recently decreased the trading hours of all listed securities temporarily, to start at ten in the morning and continue until one o'clock as of Thursday, March 26 last.

At that time, the QSE - Market Watch, in a statement posted on its website, revealed that trading sessions are as follows:

- The first session in the Qatari stock market (opening auction): from 09:30 am to 10:00 am

The second session in the Qatari stock market (open market - implementation): from 10:00 am to 01:00 pm

- The third session in the Qatari stock market (closing auction): for listed securities from 01:00 PM to 01:10 PM

The Qatar stock market excludes debt instruments and ETFs.

The fourth session in the Qatari stock market (trading on the closing price): for all listed securities from 01:10 pm to 01:20 pm (except for debt instruments and ETFs).

The Fifth Session of the Qatari Stock Market (the market is closed): for listed securities from 01:20 pm to 02:00 pm - (with the exception of debt instruments and indexes traded where it will be from 01:00 pm to 02:00 pm).

The Qatari stock market on the Qatari Stock Exchange affirmed the integrity of its systems and operational operations, as it always works to take all measures that would benefit the market and its dealers.

For its part, the Qatari government has reassured all market participants of its ability to access all of its operating systems and implement market operations at all times.

On the other hand, an economic report revealed that the indicators at the present time confirm the coherence of the economy in Qatar in light of the circumstance that is afflicting the economy at the global level in light of the current global economic crisis because of the Corona virus that is spread in many countries of the world.

The last report revealed that Qatar's financial reserves are sufficient to cover Qatar's imports by four years (47 months), and the growth came as a result of a continuous rise in demand deposits, which increased by 9.5 percent from February 2019, in addition to an increase in time deposits by 6.6 percent over Yearly basis also until February.

It should be noted that the vital positive indicators at the present time within the Qatari economy until the previous February, increased by 11.3% during the year, as banks ’liabilities on the public sector increased 17.7% for the same period, while new mortgage loans provided by banks rose 142%. .