Qatar’s stock market wrapped up a successful month and week as the Qatar Stock Exchange (QE) Index scaled new heights during the period. The QE Index has surged 392 points during September after witnessing volatility in the previous months. The index has gained 245 points during the past week.
QE Index registered a gain of 54 points or 0.47 percent after closing at 11,485.23 points, yesterday.
Top gainers in yesterday’s trade were Qatar Industrial Manufacturing, Al Ahli Bank, Doha Insurance and Qatar German for Medical Devices that rose 6.7 percent, 2.6 percent, 2 percent and 1.7 percent, respectively.
Qatar General Insurance & Reinsurance, Medicare Group and Qatar Aluminum Manufacturing lost 3.3 percent, 1.8 percent and 1.5 percent respectively.
The volume of shares traded increased to 154.9 million from 146.6 million on Wednesday, and the value of shares decreased to QR 609.25m from QR492.55m on Wednesday.
Indices of five sectors are ended in green zone and two sectors in red zone today. QSE Total Return Index gained 0.47 percent 22,735.71 points and QSE Al Rayan Islamic index increased 0.27 percent to 4,793.93 points and QSE All Share Index added 0.48 percent to 3,620.69 points.
On Wednesday, the QE Index had risen 0.4 percent to close at 11,431.2. The Transportation and Telecoms indices led the gains. The index rose on the back of buying support from GCC, Arab and foreign shareholders despite selling pressure from Qatari shareholders. Zad Holding Company and
Qatar Navigation were the top gainers, rising 1.5 percent each. Among the top losers, Al Meera Consumer Goods Co. fell 1.7 percent, while Doha Insurance Group was down 1.6 percent. Volume of shares traded on Wednesday fell by 42.8 percent to 146.6m from 256.3mn on Tuesday.
Further, as compared to the 30-day moving average of 168.1m, volume for the day was 12.8 percent lower. Investment Holding Group and Gulf International Services were the most active stocks, contributing 14.3 percent and 10.9 percent to the total volume, respectively.
