QE trade value decline 18%
TRIBUNE NEWS NETWORK
THE Qatar Exchange (QE) showed a mixed performance during the five trading sessions of the week that started on April 8
The official QE index decreased by 0.45 percent over previous week’s closing and finished the week at 8,785.17 points on Thursday.
Alshall’s index (cap weighted) closed at 1,221.41 points, decreasing by 0.19 percent compared to previous week’s closing of 11,223.79 points. Alshall index is produced by Alshall Economic Services, a Qatar-based business advisory services company.
Total value of trade during the five trading days was QR1,315,267,848. This represents a decrease of 18.2 percent compared to the value of QR1,608,094,452 in the previous week. The consumer services sector led the trading, accounting for 36.1 percent of the total trading value, followed by the financial sector which accounted for 27.7 percent, while the industrial sector represented 18 percent of the total trading value.
The number of shares traded increased to 65,635,843 with a daily average of 13,127,169 shares; this was higher by 22.1 percent as compared to the previous week’s 53,746,982 shares.
The number of transactions rose to 25,559 with a daily average of 5,112 which is higher by 1.5 percent as compared to the previous week’s 25,181 deals.
The top leading company in terms of value traded during the week was Dlala Brokerage & Investment Holding, which represented 11 percent of the total value traded.