Traders monitor screens displaying stock information at Qatar Stock Exchange in Doha in this file photo of November 9, 2016. (Reuters/ Naseem Zeitoon)
DOHA:The banking and real estate stocks lifted Qatar Stock Exchange benchmark index by 1.6 percent to close the week at end the week at 9,196.62 points.
The banking stocks rose 3.01 percent, with QNB rising the most by 5.14 percent. Real estate sector jumped 5.26 percent. The QSE weekly data showed the index gained 278.14 points, or 3.12 percent in the past week.
Trading value during the week increased by 0.48 percent to QR1.44bn compared to QR1.43bn from a week ago. Trading volume increased by 25.98 percent to reach over 61m shares., while the number of transactions rose by 13.25 percent to 19,886, compared to the previous week’s 17,559 transactions. Market capitalization rose by 4.08 percent to reach QR513.9bn.
The Banks and Financial Services sector led the trading value, accounting for 36.44 percent of the total, followed by Industrials sector (23.43 percent), telecoms (14.38 percent) and real estate (9.45 percent). The trading volume was led by the telecoms sector (32.11 percent), followed by Banks and Financial Services sector (22.11 percent), the industrials sector (22.11 percent) and real estate sector.
The QNB led trading value accounting for 17.17 percent of the total, followed by Vodafone Qatar (12.28 percent) and Industries Qatar (9.22 percent). In all, 31 companies of the 45 listed companies ended higher, while 14 fell in the past week.
