QSE falls 51 pts Wednesday

Mubasher: The Qatar stock exchange (QSE) ended Wednesday in the red, dragged down by the fall of six sectors, coinciding with liquidity decline.

The general index decreased 51.43 points, or, 0.58% to finish at 8,750.32 points.

The bourse's turnover levelled down to QAR 475.29 billion from QAR 480.46 billion on Tuesday.

The QSE’s liquidity dropped to QAR 470.56 million on Wednesday from QAR 524.26 million on Tuesday, while the trading volume went down to 18.04 million shares against 14.15 million in the previous session.

The insurance sector topped the QSE’s decliners losing 5.81% as Gulf International Services and Qatar Insurance slid 9.09% and 8.38%, respectively.

Similarly, the banking sector decreased 1.24% after Al Khalij Commercial Bank and Qatar National Bank (QNB) levelled down 4.17% and 2.02%, respectively.

The industrial sector inched down 0.36% as Industries Qatar declined 0.93%.

On the positive side, the real estate sector was the market’s only gainer adding 0.71% as United Development Company rose 1.6%.

Qatar First Bank’s stock led the bourse in terms of trading volume with 2.7 million shares, while Qatar Insurance’s stock topped the market in terms of liquidity with QAR 93.7 million.




Mubasher Contribution Time: 14-Mar-2018 11:37 (GMT)
Mubasher Last Update Time: 14-Mar-2018 20:51 (GMT)

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