QSE ends Sunday up on blue chips

Mubasher: The Qatar Stock Exchange (QSE) ended Sunday’s trading session in the green, encouraged by the growth of four blue chips led by the industrial sector amid heavy trade.

The general index inched up 0.42%, or 38.80 points, to 8,751.2 points.

The QSE’s liquidity rose to QAR 294.83 million on Sunday from QAR 292.32 million on Thursday, while the trading volume increased to 16.78 million shares versus 12.86 million in the previous session.

The QSE rose on the back of news on the initial public offering (IPO) of Baladna in the first half of 2018.

The industrial sector topped the gainers adding 1.36% after Industries Qatar went up 2.83%, followed by the goods sector, which inched up 0.16%, as Widam Food Company added 2.12%.

Meanwhile, the real estate sector topped three decliners losing 0.17%, dragged down by Ezdan Holding Company which decreased 1.34%.

Similarly, the banking sector inched down 0.07% on the back of Islamic Holding Group’s 2.54% fall.

Al Ahli Bank’s stock led the QSE’s risers adding 9.91%, while Qatar General Insurance’s stock topped the losers sliding 5.94%.

Qatar First Bank, which rose 1.98, spearheaded the QSE’s trading volume with 6.5 million shares generating QAR 43.9 million.


Mubasher Contribution Time: 14-Jan-2018 11:49 (GMT)
Mubasher Last Update Time: 14-Jan-2018 11:58 (GMT)

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