DOHA: Qatar’s Investor Confidence Index has jumped 7.3 points to 143.1 in October, said the monthly GCC Investor Sentiment Report released by SHUAA.

Commenting on the Index findings Oliver Schutzmann, Chief Communications Officer of SHUAA Capital said: “It is very encouraging to see the GCC Index on the rise for the third month running, and not far off its peak of 133.5 in June. The GCC real estate, construction and material sector improved dramatically, turning positive for the first time since April this year after a significant jump from -13.7 percent to 13.7 percent of balance of investors expecting a rise in profitability.

Regarding investor sentiment toward the current state of GCC economies, Oliver Schutzmann said: “The continued improvement in the GCC Investor Confidence Index was largely driven once again by the positive movement in the balance of investors’ perceptions of current regional economic conditions. In October this figure moved to 27.5 percent from 15.7 percent last month and a significant improvement on July’s recording of -15 percent in July.”

The Qatar Index has consistently been one of the highest Indices in the region and after last months dip, Qatar has bounced back by recording its highest ever index of 143.1 this month. Driving Qatar’s gain was investors’ opinion of the current state of its economy, which rose by a significant 11.7 percent on balance to 43.1 percent.