QSE closes Wednesday in red; market cap shrinks

Mubasher: The Qatar Stock Exchange (QSE) closed Wednesday in the red zone, affected by a collective fall of five sectors, in line with a loss of QAR 5.8 billion in market cap.

The general index declined 1.43% to reach 7,761.25 points, losing 112.59 points.

By the end of trading, market cap decreased 1.4% to reach QAR 418.7 billion on Wednesday compared to QAR 424.5 billion on Tuesday.

The general index was affected negatively by a drop in a number of leading stocks, which form 41% of the index weight; Masraf Al Rayan declined 1.01%, Qatar National Bank (QNB) 0.84%, and Industries Qatar (IQ) 1.86%.

Wednesday’s session witnessed a collective fall of sectors, topped by the real estate which decreased 4.32% due to a drop in its three stocks that were led by Ezdan’s 6.54% decline.

Similarly, the industrial sector dropped 1.60% due to a decline in its seven stocks, led by Qatar National Cement with a fall of 3.98%.

The banking sector decreased 1.12%, dragged by a number of stocks led by Qatar and Oman which lost 3.87%.

Meanwhile, the insurance sector increased 0.57% in line with the 1.43% rise of Qatar Insurance.

Qatar Cinema and Film Distribution Co. topped the winners with 9.30%, while Zad led losers with a decline of 2.94%.

Liquidity decreased to QAR 189.93 million on Wednesday from QAR 203.07 million in the previous session, while traded volume levelled up to reach 6.95 million shares against 5.70 million in the last session.

Vodafone Qatar, which was up 0.33 %, topped the QSE in terms of traded volume, with 1.6 million shares traded.

Qatar National Bank (QNB) topped the list in terms of liquidity with QAR 34.9 million.


Mubasher Contribution Time: 15-Nov-2017 13:01 (GMT)
Mubasher Last Update Time: 15-Nov-2017 13:01 (GMT)

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