Listless week for QE index as volume, value dip
TRIBUNE NEWS NETWORK
DOHA THE Qatar Exchange (QE) showed a mixed performance last week.
According to Alshall weekly report, the official QE index increased by 0.01 percent over previous week’s closing (5 trading days) and finished the week at 8,253.46 points last Thursday, while Alshall’s index closed at 1,169.27 points, decreasing by 0.11 percent compared to previous week’s closing (1,170.52).
Total value of trade during the 5 trading days was QR723,640,996.
This represented a decrease of 36.5 percent compared to the value of the previous week (QR1,140,219,651). The financial sector led the trading, accounting for 29.1 percent of the total trading value, followed by the consumer services sector which accounted for 28.6 percent, while the industrial sector represented 27.7 percent of the total trading value.
The number of shares traded decreased to 27,304,331 with a daily average of 5,460,866 shares; this was lower by 41.1 percent as compared to the previous week’s number of shares to 46,354,008.
The number of transactions fell down to 13,889 with a daily average of 2,778 which is lower by 29.6 percent as compared to the previous week’s number of deals (19,737).
The top five leading companies in terms of value traded during the week were: Qatar Oman Investment Company, which represented 12.2 percent of the total value traded, followed by Industries Qatar (10.7 percent), Gulf Warehousing Co (7.8 percent), Mazaya Qatar Real Estate Development (7.4 percent) and Masraf Al Rayan (6.4 percent).
The most active companies in terms of volume traded were: Qatar Oman Investment Company which represented 28.2 percent of total volume traded, followed by Mazaya Qatar Real Estate Development (15.2 percent), Vodafone Qatar (6.8 percent), Masraf Al Rayan (6.3 percent) and Qatari German Co for Medical Devices (6 percent).
21 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 19 stocks declined and ended at lower prices than their previous week last trading day’s prices and 2 stocks remained unchanged.