By: Eman Ghaly
Mubasher: The Qatar Stock Exchange (QSE) closed the week ended 22 January up for the second week in a row with capital gains of QAR 5.94 billion ($1.63 billion).
The main index of the QSE increased 0.76%, or 68.65 points to close the week at 9,027.71 points.
Market capitalisation jumped 1.23% to QAR 487.36 billion over the week, compared to QAR 481.42 billion in the week ended 15 January.
The QSE’s liquidity declined 2.05% to QAR 792.68 million from QAR 809.28 million the previous week, while trading volume decreased 9.02% to 32.92 million shares versus 36.19 million last week.
On a weekly basis, transactions tumbled 6.58% to 13,450 against 14,440.
The insurance sector topped the QSE’s gainers with 3.58%, followed by the real estate and industrial sectors, which added 2.91% and 2.14%, respectively.
Over the week, the transportation sector went up 1.25%, followed by the telecommunication, banking, and goods sectors with 0.97%, 0.87%, and 0.18%, respectively.
During the week, 18 stocks grew, spearheaded by Qatar Commercial Bank, which surged 10.64%, while 23 stocks dropped, topped by Widam Food Company, which slid 6.18%.
The banking sector topped the QSE’s liquidity this week with 44.86%, whereas the industrial, real estate, and goods sectors registered 22.25%, 12.79%, and 11.23%, respectively.
The banking sector also led in terms of trading volume with 47.17% of the QSE's total, followed by the industrial, real estate, and goods sectors with 23.41%, 17.75%, and 4.77%, respectively.
Qatar National Bank’s (QNB) stock acquired 11.12% of the bourse’s trading volume, while Qatar Islamic Bank's (QIB) and Qatar First Bank’s (QFB) stocks accounted for 6.94% and 6.74% of volume, respectively.
Translated by: Kholoud Mohamed Hussein
