Qatar’s stock market ended the week on a positive note as shares registered strong gains during the past four trading sessions. The Qatar Stock Exchange (QE) Index has surged by 91 points to close at 10,522.78 points yesterday from 10,431 on previous Thursday. The index remained largely flat yesterday as QE Index declined 5.74 or 0.05 percent on Thursday. It was a truncated week for stock market with only four trading sessions due to official holiday on Tuesday because of National Sport Day. On Wednesday, the QE Index rose 0.8 percent to close at 10,528.5. The index rose on the back of buying support from GCC, Arab and Foreign shareholders despite selling pressure from Qatari shareholders. The Industrials and Insurance indices led the gains. Al Khaleej Takaful Insurance Company and Qatari German Company for Medical Devices were the top gainers, rising 10 percent and 9 percent, respectively.
Among the top losers, QLM Life & Medical Insurance Company fell 1.4 percent, while Dlala Brokerage & Investment Holding Company was down 1.1 percent. Volume of shares traded on Wednesday rose by 37.6 percent to 202.6 million. Further, as compared to the 30-day moving average of 177.2 million, volume for the day was 14.3 percent higher. Qatar First Bank and Gulf International Services were the most active stocks, contributing 21.7% and 12.6 percent to the total volume, respectively. On Monday, the QE Index declined 0.5 percent to close at 10,445.0. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.7 percent each. Top losers were Qatar General Insurance & Reinsurance Company and Al Khaleej Takaful Insurance Co, falling 4.5 percent and 3.9 percent, respectively. Among the top gainers, Gulf International Services gained 4.4 percent, while Al Khalij Commercial Bank was up 2.8 percent On Sunday, the QE Index rose 0.6 percent to close at 10,493.1.
The index rose on the back of buying support from Arab and Foreign shareholders despite selling pressure from Qatari and GCC shareholders. The Real Estate and Industrials indices led the gains. Doha Bank and Zad Holding Company were the top gainers, rising 3 percent and 2.5 percent, respectively. Among the top losers, Qatari German Company for Medical Devices fell 2.3 percent, while Al Khaleej Takaful Insurance Company was down 2 percent. Volume of shares traded on Sunday fell by 40.5 percent to 95.8 million from 161.0 million on Thursday. Further, as compared to the 30-day moving average of 175.7 million, volume for the day was 45.4 percent lower. Qatar First Bank and Qatari German Company for Medical Devices were the most active stocks, contributing 19.7 percent and 9.3 percent to the total volume, respectively. On February 4, the QE Index declined 0.4 percent to close at 10,431.4.
The Telecoms and Industrials indices led the losses. The index fell on the back of selling pressure from Arab and Foreign shareholders despite buying support from Qatari and GCC shareholders. During yesterday’s trade, the volume of shares traded decreased to 147.2 million from 202.6 million on Wednesday and the value of shares decreased to QR378m from QR570m on Wednesday. Indices of two sectors ended in green zone, four sectors ended red and one sector ended unchanged yesterday. QSE Total Return Index decreased 0.05 percent to 20,302.73 points and QSE Al Rayan Islamic Index dropped 0.04 percent to 4,295.68 points. QSE All Share Index l o s t 0 . 0 3 p e r c e n t t o 3,232.87 points.
