File photo used for representation
Doha, Qatar: Qatar’s stock market yesterday jumped over 100 points to breach the psychologically strong 11,000 mark barrier.
The Qatar Exchange (QSE) index advanced 145.05 points, or 1.32 percent, to close at 11,108 points, supported by the positive performance of the industrial sector by 2.46 percent, real estate sector that increased by 1.05 percent, banking and financial services which rose by 1.07 percent, insurance by 0.05 percent, telecoms by 0.89 percent and consumer goods and services by 0.21. While the performance was negative for the transportation sector by 0.60 percent.
During yesterday’s session the volume of shares traded stood at 197.353 million from 194.148 million on Monday and the value of shares reached QR575.637m from QR531.800m on July 31, as a result of implementing 19,856 deals in all sectors. In the session, the shares of 25 companies rose, while the prices of 24 companies decreased, and two companies maintained their previous closing price.
At the end of the trading session, the market capitalisation reached QR649.855bn, compared to the last trading session, which amounted to QR642.003bn. The indices of six sectors ended in the green zone yesterday.
QSE Total Return Index gained 0.54 percent to 23,508.65, QSE Al Rayan Islamic index added 0.48 percent to 4,821.94 points and QSE All Share Index rose 0.51 percent to 3,679.14 points.
Top gainers in yesterday’s trade were Mesaieed Petrochemical Holding Co, Dukhan Bank, Barwa Real Estate, Industries Qatar, Qatar Aluminum Manufacturing rising 5.1 percent, 3.5 percent, 2.8 percent, 2.7 percent and 2.6 percent respectively. While Mannai Corporation, National Leasing, QLM Life and Medical Insurance, Mekdam Holding Group and Qatar Oman for Investment lost 1.9 percent, 1.6 percent, 1.6 percent, 1.5 percent, and 1.4 percent respectively.
On July 31, the QE Index rose 0.1 percent to close at 10,963. Gains were led by the banks and financial services and transportation indices, gaining 0.8 percent and 0.6 percent, respectively. Top gainers were Qatar Islamic Bank and United Development Company, rising 2.3 percent and 1.8 percent, respectively. Among the top losers, Qatar Oman Investment Company fell 3.5 percent, while Industries Qatar was down 3 percent.
The index rose on the back of buying support from foreign shareholders despite selling pressure from Qatari, GCC, and Arab shareholders.
The volume of shares traded on Monday fell by 2.5 percent to 191.9m from 196.9m on Sunday. However, as compared to the 30 day moving average of 185.1m, volume for the day was 3.7 percent higher.
