DOHA: Qatari stocks showed slight gains last month with the benchmark index of the bourse up 99.38 points (or 1.16 percent) to 8,677.10 compared with March 2013.
Fundamentally formidable and large-cap Industries Qatar topped in terms of its share in the total trading value for the 22 trading days in the month, Qatar Exchange said in its monthly report.
The trading value, though, fell to QR4.21bn in the month, down 10.27 percent as compared with QR4.69bn in March. The trading volumes of more than 116 million shares, though, showed an 8.76 percent rise over the previous month (106.7 million shares).
The number of deals conclude on the bourse in the month also went up (to 64,774) showing a 9.39 percent increase over March.
Sector-wise, the industrial counters led the trading value with a 30.4 percent share in the monthly total. The banking and financial services sector accounted for 28.59 percent in the total.
The consumer goods and services sector had a share of 15.08 percent in the total, while the real estate counters’ contribution amounted to 12.40 percent.
The transportation counters had a share of 6.23 percent, whereas the telecoms sector accounted for 6.19 percent. The insurance counters ended the last on the list with a slight 1.11 percent share.
The lending and financial services sector led the traded volume in the month with a 23.58 percent share in the total, followed by real estate sector (23.50 percent).
The industrial sector contributed 17.56 percent to the total whereas the telecoms stocks accounted for 13.51 percent. The consumer goods and services sector accounted for 10.69 percent and the transportation shares had a share of 10.29 percent in the total.
Insurance stocks ended at the bottom of the list in terms of trading volumes as well with a meager 0.88 percent share.
The market capitalization was up 2.25 percent to QR480.11bn by month-end, improving from QR469.52bn in March.
Some 23 of the 42 listed companies gained, while 18 fell and one remained unchanged. With a total trading value of QR663.47m Industries Qatar was the top contributor (15.75 percent).
Barwa Real Estate came second with QR336.5m, or 7.99 percent, share in the total. Gulf International Services was third with QR326.15m and the Qatar National Bank was fourth with a share of QR295.67m in the total.
The Peninsula
