The net profits of companies listed on the Qatar Stock Exchange (QSE) saw a strong increase in 2024. Total profits rose by 8.70%, reaching QR 51.18 billion compared to QR 47.08 billion in 2023.
Steady Growth Across Sectors
According to QSE data published on Thursday, all listed companies, except Al Faleh Educational Holding Company, disclosed their annual financial results. Al Faleh Educational Holding is set to announce its results on August 31.
Several sectors contributed to this growth, including banking, real estate, telecommunications, and consumer goods. Their strong performance helped lift the QSE index to 10,185 points.
Positive Market Momentum
The increase in profits reflects the resilience of Qatar’s economy and the strength of its financial markets. Companies across multiple industries benefited from stable economic policies and strong investor confidence.
Meanwhile, the Qatar Islamic Insurance Group’s Annual General Meeting (AGM) proposed a 50% cash dividend of its paid-up capital, further signaling positive market conditions.
QSE remains a key driver of economic activity in the country, attracting both local and international investors. As companies continue to report steady gains, market momentum is expected to remain strong throughout 2025.
