Long-Term Strategy To Benefit Investors In Stock Market
Date
6/12/2023 4:29:53 AM
(MENAFN- The Peninsula) joel johnson |
The Peninsula
Individuals investing in the Qatar stock market will benefit if they opt to go for the long-term strategy, said an official adding that this is a very good time to carry out investments.
Speaking to The Peninsula in an interview, Shahnawaz Rashid (pictured), EGM and Head of Retail banking at Commercial bank expounded on the vitality of investing in the Stock market and how the latest technology helps investors in implementing secured transactions. He said:“Market has gone up 8 to 10 times compared to what was five years ago where nearly 90 percent of the brokers attended through phone calls for investments. Today four years down the road, all our transactions have gone 10 times, and 50-60 percent of the transactions are managed through digital mobile banking.”
He noted that the senior customers in the country used to hold and keep stocks as they say that the market didn't have the volumes to carry out enough transactions.
“Now there are a lot of trading activities happening and that is why I keep telling my customers to go long-term and then benefit from the market, which is very significant, Rashid said.
Foreseeing the growing investment sector this year, Rashid outlined that“If you look at the market, for the first four months it was very good, but it takes its cue from the global markets. And if you see some of the moments that are coming up in the last 30 to 90 days, we do see a lot of investments.”
He also remarked that the Qatari market is growing strongly with the help of investments flowing from foreign countries.
Rashid said that“40 percent of our business is international investors like Goldman Sachs, JP Morgan, etc and they invest in Qatar Stock Market because they have these indexes also where Qatar has an allocation. So seeing those allocations going up and some of them foresee MSCI where the Qatari shares are there so a lot of cues are there in the international market and domestic players also take cues from International flows and international flows to look at the global markets.”
“So if the global market has performed, you see the Qatar markets start moving up. And I think this will be a very good time to invest in Qatar Stock Market. The market is still 20 percent lower than the peak in 2021. And that is why the peak has gone up by 5-6 percent, which is equal to the market interest area,” he added.
During an event held recently at the Commercial Bank office in D ring Road, Qatar Stock Exchange experts stressed the vast opportunities for customers to explore and benefit from investing in the stock market.
Investors were enlightened with valuable information regarding investment strategies in addition to the benefits of Customer Bank Financial Services provided by the Commercial Bank of Qatar.
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