Doha: Qatar Exchange index gained 23.93 points, or 0.21 percent, last week, when trading closed yesterday at 11,367.31 points.
The trading value last week decreased by 15.21 percent to reach QR3.28bn compared to QR3.87bn. The trading volume decreased by 10.73 percent to reach 72.65 million shares, as against 81.38 million shares, while the number of transactions fell by 3.45 percent to touch 44,274 as compared to 45,854 transactions.
The market capitalisation fell by 0.50 percent to hit QR634.54bn as compared to QR637.72bn at the end of the previous week.
Industries sector led traded value last week with 35.12 percent of the total. Banks and financial services sector accounted for 24.98 percent. Real estate accounted for 20.17 percent and consumer goods and services sector accounted for 10.97 percent.
Real estate sector led traded volume last week with 35.09 percent of the total. Industries sector accounted for 16.49 percent and consumer goods and services sector accounted for 7.87 percent.
Industries sector led traded number of transactions with 45.22 percent of the total. Banks and financial services sector accounted for 16.56 percent and consumer goods and services sector accounted for 10.05 percent.
From the 43 listed companies 27 ended last week higher, while 15 fell and one remained unchanged.
Barwa Real Estate led the traded value with 14.53 percent. Mesaieed Petrochemical Holding Company accounted for 12.05 percent and Qatari Investors Group accounted for 10.68 percent of the total traded value.
Meanwhile, the Qatar bourse ended in the red area yesterday when trading closed at 11,367.31 points, down 0.18 percent, or 20.83 points, from the previous closing of 11,388.14 points on Wednesday.
Among the top losers of the day were Qatar National Bank, whose share prices were down 0.95 percent to QR177, Commercial Bank lost 2.60 percent to QR60, Islamic Insurance fell 0.95 percent to QR62.50 and Doha Bank decreased by 1.52 percent to QR58.40.
Elsewhere in the region, Egyptian investors continued to scoop up blue chips and property stocks yesterday, driving up the market on increased volume, while banking shares dragged down Abu Dhabi and Oman.
Egypt’s bourse rose 2.1 percent, with the major gainers including Commercial International Bank, Global Telecom and Telecom Egypt as well as several property developers. Trading volume was the third largest this year.
Dubai’s bourse was the second strongest major market in the region, adding 1.1 percent on the back of Dubai Investments Co, which jumped 5 percent, and Dubai Islamic Bank, which rose 3.1 percent. Traders said investors buying Dubai Investments may have been expecting announcements on its large land bank in the emirate, where the property market is booming. The companies that drove the market up earlier this week, Emaar Properties and Arabtec Holding, appear to have run out of steam and moved little on yesterday.
In neighbouring Abu Dhabi, the index fell 1.1 percent largely because of the banking sector. Abu Dhabi Commercial Bank fell 3.4 percent after its shares went ex-dividend. Some other banks retreated after rallying earlier this week on the news that Dubai’s $20bn bailout package had been rolled over.
QNA & Reuters
