QSE gains 1.5% in week amid lower trading

Mubasher: The Qatar Stock Exchange (QSE) closed the week in the green despite trimmed trading.

The general index grew 1.51% or 134.44 points to close the week at 9,027.71 points, while market capitalisation increased by QAR 3.65 billion, or 0.76%, to QAR 481.42 billion compared to last week’s closing at QAR 477.77 billion.

Four sectors boosted the market, led by banks with 3.31%, followed by insurance with 2.92%, industrials and telecoms with 1.79% and 1.22%, respectively.

On the other hand, three sectors were down, led by consumer goods with 0.32%, followed closely by real estate with 0.29% and transport with 0.15%.

Moreover, 29 stocks ended the week higher, led by Qatar Islamic Insurance, which surged 8.16%, whereas 13 stocks closed in the red, led by Ezdan Holding with 3.08%. Three QSE-listed stocks ended the week stable.

Turnover dropped 37.08% to QAR 809.28 million from QAR 1.29 billion, traded volume decreased 30.11% to 36.19 million shares traded this week versus 51.78 million shares last week.

The QSE saw 14,440 transactions executed this week, down 35.17% from the previous week’s 22,270 transactions.

The banks sector made up 45.8% of the bourse’s liquidity, followed by the industrial sector with 20.2%, while the real estate, and consumer goods and services sectors accounted for 13.4% and 9.2% of turnover, respectively.

The QSE was active for only four days this week as the bourse was closed on the occasion of Qatar’s National Sports Day.

Mubasher Contribution Time: 15-Feb-2018 15:49 (GMT)
Mubasher Last Update Time: 15-Feb-2018 15:49 (GMT)

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