QE index lost 4.1% to finish at 8,416 in May
TRIBUNE NEWS NETWORK
DOHA THE comparative performance of selected stock market performance in May was not good for most stock markets during which performance of all the 14 selected stock markets was negative.
According to the Alshall market report, the disappointing performance in May increased the number of negative performing markets to five instead of one at the end of April.
The biggest loser during the month was Japan whose index lost 10.3 percent of its value due to the hypersensitivity of the Japanese market to negative developments in the global economy.
Next to it in losses was Dubai at 9.8 percent and the Saudi at 7.7 percent perhaps because they were the biggest winners since the beginning of the year.
The Qatari market advanced from the last position in the end of April to rank 12 in the end of May with a loss by 4.1 percent, adding 3.3 percent to its losses.
The value of net profits of listed companies on the Qatar Exchange as of the end of the first quarter of 2012 came to QR 9,127,122,338.
This represents an increase of 1.3 percent compared to the value of net profits of companies as of the end of the first quarter of 2011 (QR 9,011,188,662), Alshall index said.
The financial sector’s net profits increased by 11.2 percent compared with last year. The industrial sector saw its net profits register a 5.1 percent decrease, while the net profits of the consumer services sector decreased by 12.3 percent.
The top five leading companies in terms of net profits growth during the first quarter of 2012 were: Mazaya Qatar Real Estate Development, which saw an increase of 32,909 percent in net profits, followed by Ezdan Real Estate Co (291 percent), Qatar Co.
for Meat & Livestock Trading (118.2 percent), Qatari Investors Group (102.9 percent) and Al Meera Consumer Goods Company (80.2 percent).
The value of revenues of most QE-listed companies for the first quarter of 2012 was QR33,613,387,108, which represents a decrease of 1 percent compared to the value of revenues for the first quarter of 2011 (QR33,966,743,723). The financial sector recorded an increase of 9.5 percent in revenues, the consumer services sector saw its revenues increase by 4.6 percent, while the industrial sector’s revenues decreased by 0.8 percent.
The top five leading companies in terms of revenue growth during the first quarter of 2012 were: Mazaya Qatar Real Estate Development with an increase of 289.2 percent, followed by Ezdan Real Estate Co. (78.9 percent), Zad Holding Co. (67.6 percent), Qatar Co. for Meat & Livestock Trading (63.3 percent), and Al Meera Consumer Goods Company (57.2 percent) .
All major indicators such as the QE Price Index and market value have decreased while total value trading, total volume trading and total numbers of deals have increased during the month.
Alshall index (cap weighted) finished the month at 1,189.05 on 31/05/12 showing a decrease of -2.82 percent compared to the end of the month of April when it closed at 1,223.51 points. The index registered its lowest reading for the month of May (1,186.29 points) on 20/05/12 and its highest reading (1,242.43 points) on 06/05/12.
At the end of May, the official QE Index finished at 8,416.83 points, losing 3.30 percent of its closing value at the end of April (8,703.64 points).
Total volume during the month of May (23 working days) increased to 310.61 million shares; this was higher by 12.0 percent as compared to the total traded volume of shares during April (22 working days) which was 277.31 million shares. The daily average of traded shares during May increased to 13.505 million shares compared to a daily average during April of 12.605 million shares. Total number of deals stood at 121,063 for the month of May compared to the total number of deals during April (116,392). 14 stocks of a total 42 listed companies stocks advanced and ended the month at higher prices than their previous month last trading day’s prices, while 28 stocks declined and ended at lower prices than the previous month last trading day’s prices.
The value of traded shares for May amounted to QR7.87 billion, while the highest value of traded shares achieved in one day (02/05/12) was QR 596.03 million and the lowest value of traded shares was QR130.03 million on 31/05/12. The value of traded shares during May was 5 percent higher than April (7.50 billion), and the daily average traded value was QR342.18 million compared to a daily average traded value during April of QR340.71 million Market capitalisation of the 42 listed companies decreased to QR451.40 billion on 31/05/2012; a decrease of 2.69 percent compared to previous month’s market value which was QR463.89 billion.
The highest market capitalisation was for the financial sector, which represented 42.7 percent of the total market value, followed by the industrial sector (24.4 percent), consumer services sector (19.3 percent), telecommunications sector (7.5 percent) utilities sector (5.8 percent), and the health care sector (0.3 percent).