QSE closes Thursday down

Mubasher: The Qatar stock exchange (QSE) ended Thursday’s trading session down, dragged by the fall of six sectors.

The general index inched down 0.04%, or 3.48 points, to finish the last session of this week at 9,826.84 points.

The bourse’s liquidity decreased to QAR 115.9 million on Thursday from QAR 188.1 million on Wednesday, while the trading volume levelled down to 4 million shares against 5.8 million in the previous session.

The real estate sector topped the QSE’s losers falling 0.78% as Ezdan Holding Group and Mazaya Qatar Real Estate declined 1.55% and 0.14%, respectively.

On Wednesday, Moody's Investors Service withdrew Ezdan Holding Group B1 corporate family rating (CFR), Ezdan Sukuk Company Limited's B1 senior unsecured MTN program rating and the associated senior unsecured debt instruments with B1 rating of Ezdan Sukuk Company Limited.

Similarly, the goods and services sector went down 0.13% on the back of Zad Holding Company’s 1.63% drop, while the banking sector retreated 0.11% as Dlala Brokerage and Investment Holding and Qatar National Bank (QNB) plunged 5.23% and 0.22%, respectively.

Meanwhile, the industrial sector was the bourse only gainer adding 0.04% as Qatar Industrial Manufacturing 2.56%.

By the end of the session, QNB’s stock led the QSE in terms of liquidity with QAR 38.5 million, while Qatari Investors Group’s stock, which went down 1.38%, headed the market in terms of trading volume with 1.3 million shares.

Mubasher Contribution Time: 06-Sep-2018 11:26 (GMT)
Mubasher Last Update Time: 06-Sep-2018 11:33 (GMT)