Qatar Exchange trade value down 5.8%
TRIBUNE NEWS NETWORK
THE Qatar Exchange (QE) showed a mixed performance during the five trading sessions of the week that started on May 13. The official QE index decreased by 1.09 percent over previous week’s closing and finished the week at 8,455.33 points on Thursday.
The Alshall’s index (cap weighted) closed at 1,193.13 points, decreasing by 1.41 percent compared to previous week’s closing of 1,210.19 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 QR1,729,178,710. This represents a decrease of 5.8 percent compared to the value of QR 1,834,890,763 in the previous week. The industrial sector led the trading, accounting for 37.9 percent of the total trading value, followed by financial sector which accounted for 31.2 percent, while the consumer services sector represented 19 percent of the total trading value.
The number of shares traded increased to 69,005,519 with a daily average of 13,801,104 shares; this was higher by 13.3 percent as compared to the previous week’s number of 60,933,923 shares.
The number of transactions fell down to 25,174 with a daily average of 5,035 which is lower by 7.5 percent as compared to the previous week’s 27,220 deals.
The top five leading companies in terms of value traded during the week were Qatari Investors Group, which represented 25.9 percent of the total value traded, followed by Masraf Al Rayan (10.9 percent), Industries Qatar (7.5 percent), Commercial Bank (7.5 percent) and Mazaya Qatar Real Estate Development (7.1 percent).
The most active companies in terms of volume traded were Qatari Investors Group which represented 26.7 percent of total volume traded, followed by Mazaya Qatar Real Estate Development (15.3 percent), Vodafone Qatar (13.4 percent), Masraf Al Rayan (10.2 percent) and Al Khalij Commercial Bank (5.9 percent).
Thirteen stocks of a total 42 listed companies stocks advanced and ended the week at higher prices than their previous week last trading day’s prices, while 28 stocks declined and ended at lower prices than their previous week last trading day’s prices and one stock remained unchanged.