QSE adds 189 pts in week, market cap rises slightly

By: Eman Ghaly

Mubasher: The Qatar Stock Exchange (QSE) closed the week ended 14 March with a positive performance after jumping 189.37 points, or 1.94%, to 9,970.55 points, compared to the week before.

The bourse’s market capitalisation inched up 0.90% to QAR 561.07 billion ($155.06 billion) this week, from QAR 556.07 billion ($156.44 billion) a week earlier.

The rise in trading activities and the major growth in liquidity have contributed to boosting the QSE on a weekly basis, capital market analyst Ahmed Akl said.

These procedures led to raising foreign investments in the bourse, Akl added.

The telecoms sector led gainers with 5.91%, followed by the consumer goods and services sector with 3.88%.

The industrials, banking, transportation, and insurance sectors inched up 2.63%, 1.26%, 0.92%, and 0.69%, respectively. 

On the other hand, the real estate sector led losers with 6.41%.

Over the course of the week, Ooredoo’s stock led gainers with 10.32%, while Ezdan Holding Group’s stock was the worst performer with 11.08%, and Qatar National Bank’s (QNB) stock remained unchanged at QAR 179.

The QSE’s liquidity skyrocketed 158.23% to QAR 2.48 billion, from QAR 961.79 million, while trading volume surged 128.80%, reaching 75.63 million shares, compared to 33.06 million a week earlier.

The number of transactions increased 33.01% wekk-on-week to 31,060 this week, up from 23,350.

Translated by: Mohammad Hesham Azab

Mubasher Contribution Time: 14-Mar-2019 15:23 (GMT)
Mubasher Last Update Time: 14-Mar-2019 15:23 (GMT)

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