DOHA: Driven by the strong performances of banking, insurance and industrial sectors, the Qatar Exchange (QE) index gained 233.05 points or 2.14 percent last week to close at 11,106.13 points. Market capitalisation rose by 2.09 percent to reach QR586bn.
QNB led trading value last week, accounting for 18.9 percent of the total followed by Industries Qatar (8.84 percent) and Masraf Al Rayan (7.85 percent).
All the seven sector indices rose last week with the banking and financial service gaining the most by 2.90 percent. The industrials index surged 2.43 percent and the insurance sector soared 2.38 percent. While the real estate and telecoms rose 1.97 percent and 0.45 percent respectively, transportation edged 0.49 percent high and consumer goods were up by 0.13 percent.
Trading value last week increased by 6.29 percent to reach QR3.07bn compared to the previous week’s QR2.89bn. Trading volume increased by 3.50 percent to reach 64 million shares as against 61 million shares the previous week, while the number of transactions fell by 5.58 percent to reach 29,428 as compared to 31,167 transactions during the previous week.
The banking and financial services sector led the trading value accounting for 47.14 percent of the total followed by the industrial sector (20.89 percent) and the real estate sector (11.08 percent).
The banking and financial services sector led the trading volume, accounting for 33.2 percent of the total, followed by real estate sector (28.55 percent) and the industrial sector (12.31 percent).
transactions
The sector also led the trading number of transactions accounting for 36.78 percent of the total, followed by the industrial sector (23.51 percent), real estate sector (16.08 percent) and consumer goods and services (8.96 percent).
Of the 42 listed companies, 28 companies ended higher, 13 fell and one remained unchanged.
Yesyterday, the QE extended its rally to the 13th straight session, lifting the benchmark index 0.27 percent up to close at 11,106 points. The banking and financial services outperformed other sectors edging up 1.05 percent. The insurance sector gained 0.61 percent.
The telecoms sector gained 0.44 percent and the consumer goods added 0.33 percent. The transportation and the industrial sectors dropped by 0.76 percent and 0.17 percent respectively. Foreign institutional investors remained bullish.
The Peninsula
