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Financial sector leads trade value at QE with 36% share
TRIBUNE NEWS NETWORK
DOHA
THE Qatar Exchange (QE) showed a mixed performance during the fiveday week that began on Sunday and ended on Thursday.
The official QE Index increased by 0.05 percent over previous week’s closing and finished the week at 8,281.26 points on Thursday last.
The cap weighted Alshall index closed at 1,172.76 points, rising 0.34 percent compared to previous week’s closing at 1,168.74.
The index is produced by Alshall Economic Services QSC, a Qatarbased business advisory services company.
The total value of trade during the five trading days was QR776,546,327.
This represents a decrease of -18.4 percent compared to the value of the previous week (QR576,646,858) (five trading days).
The financial services sector led the trading, accounting for 36.2 percent of the total trading value, followed by the consumer services sector which accounted for 33.9 percent, while the industrial sector represented 23 percent of the total trading value.
The number of shares traded increased to 24,315,376 with a daily average of 4,863,075 shares; this was higher by 8.5 percent as compared to the previous week’s number of shares to 22,410,620 The number of transactions stood up to 13,441 with a daily average of 2,688 which is higher by 9.6 percent as compared to the previous week’s number of deals (12,267).
The top five leading companies in terms of value traded during the week were: Barwa Real Estate, which represented 17.8 percent of the total value traded, followed by Qatar Gas Transport Co Limited (Nakilat) (9.5 percent), Masraf Al Rayan (7.8 percent), Industries Qatar (7.4 percent) and Commercial Bank (6.1 percent).
The most active companies in terms of volume traded were: Mazaya Qatar Real Estate Development which represented 20.9 percent of total volume traded, followed by Qatar Oman Investment Comp-any (10.1 percent), Masraf Al Rayan (9.3 percent), Qatar Co.
For Meat & Livestock Trading (Mawashi) (8.1 percent) and Barwa Real Estate co (6.6 percent).
Of a total 42 listed companies the stocks of 22 advanced and ended the week at higher prices than their previous week last trading day’s prices, while 14 stocks declined and ended at lower prices than their previous week last trading day’s prices and 6 stocks remained unchanged.
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