6 sectors drag QSE down at Thursday’s close

Mubasher: The Qatar stock exchange (QSE) ended Thursday in the red, dragged down by the fall of six sectors, coinciding with higher trading activity.

The general index inched down 0.39%, or 36.49 points, to 9,318.53 points.

By the end of the session, the QSE’s liquidity increased to QAR 162.43 million on Thursday from QAR 121.35 million on Wednesday, while trading volume went up to 7.75 million shares against 3.93 million in the previous session.

The banking sector topped the QSE’s losers falling 0.88% as Islamic Holding Group and Qatar National Bank (QNB) declined 3.05% and 0.44%, respectively.

Similarly, the real estate sector went down 0.58% on the back of Mazaya Qatar Real Estate Development’s 0.58% drop.

On the positive side, the goods and services sector rose 0.76% supported by the increase of Zad Holding Company by 5.07%.

By the end of the session, Vodafone Qatar’s stock, which retreated 0.65%, led the market in terms of trading volume with 2.57 million shares exchanged, generating QAR 23.49 million in liquidity.

Mubasher Contribution Time: 12-Jul-2018 11:38 (GMT)
Mubasher Last Update Time: 12-Jul-2018 11:43 (GMT)

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