Mubasher: The Qatar stock exchange (QSE) ended Wednesday’s trading session in the red, marking the fourth decline in a row, affected by the fall of the banking and goods sectors, amid high liquidity.
The general inched down 0.18%, or 18.13 points, to 9,805.40 points.
The QSE’s liquidity increased to QAR 218.92 million on Wednesday from QAR 212.06 million on Tuesday, while the trading volume decreased to 5.56 million shares against 5.84 million in the previous session.
The goods and services sector topped the QSE’s losers falling 0.44% due to Medicare Group’s 1.43% drop.
Similarly, the banking sector plunged 0.23% as the Commercial Bank of Qatar (CBQ) declined 1.27%.
On the other hand, the insurance sector headed the bourse’s four risers adding 3.92% as Qatar Insurance and Qatar Islamic Insurance 5.91% and 0.97%, respectively.
The real estate sector grew 0.39% on the back of United Development Company’s 1.19% increase.
By the end of the session, Qatar National Bank’s (QNB) stock, which stood at QAR 175, led the QSE in terms of turnover with QAR 41.9 million, while Mesaieed Petrochemical Holding’s stock, which advanced 1.11%, spearheaded the market in terms of trading volume with 1.01 million shares.
