Six sectors drag QSE at Sunday’s close

Mubasher: The Qatar stock exchange (QSE) ended Sunday’s trading session in negative territory, pressured by the fall of six sectors.

The general index declined 56.41 points, or 0.57%, to finish at 9,770.43 points.

The market value went down 0.75% to QAR 539.4 billion on Sunday, compared to QAR 543.5 billion on Thursday.

The QSE’s liquidity decreased to QAR 98.17 million on Sunday from QAR 115.91 million on Thursday, while the trading volume plunged to 3.44 million shares against 4 million in the previous session.

The banking sector topped the QSE’s losers falling 1.17%, as Masraf Al Rayan and the heavyweight Qatar National Bank (QNB) levelled down 2.52% and 1.45%, respectively.

Similarly, the real estate sector retreated 1.09%, dragged by Ezdan Holding Group’s 1.87% drop, while the industrial sector inched down 0.10% as Gulf International Services declined 0.74%.

Meanwhile, the transportation sector was the bourse’s only gainer adding 0.29% as Qatar Gas Transport (Nakilat) rose 0.29%.

By the end of the session, Qatar Navigation’s stock, which advanced 0.46%, led the QSE in terms of liquidity with QAR 14.6 million, while Dlala Brokerage and Investment Holding’s stock, which grew 1.06%, spearheaded the market in terms of trading volume with 147,000 shares.

Mubasher Contribution Time: 09-Sep-2018 11:34 (GMT)
Mubasher Last Update Time: 09-Sep-2018 11:39 (GMT)