DOHA: Qatar Exchange Index ended in red for the third consecutive week yesterday losing 95.66 points or 1.12 percent during this week to close at 8,481.20 points.
Doha Bank, Qatar Insurance, Ezdan Real Estate Company, Qatar General Insurance and Reinsurance, and Qatar Navigation were the major losers. Dlala Holding, Al Ahli Bank, Vodafone Qatar, Medicare Group and Qatar Telecom were top gainers of the week.
This week saw all the sectors falling except consumer goods and services and real estate sector.
The insurance index tanked 2.83 percent. While both the banks and financial services and transportation index shed 1.66 percent, telecom and industrial index dropped 1.45 percent and 1.11 percent respectively.
Trading value during this week decreased by 26.24 percent to reach QR970m compared to the previous week’s QR1.315bn. Trading volume decreased by 12.57 percent to reach over 19m shares as against 22.05m shares. The number of transactions fell by 5.10 percent to reach 12,272 transactions as compared to 12,931 transactions.
Market capitalisation fell by 0.69 percent to reach QR468.365bn against QR471.623bn at the end of previous week.
The banks and financial services sector led trading value, accounting for 24.62 percent of the total trading value followed by industrials sector, which accounted for 22.79 percent. The sector ranked third accounting for 20.46 percent followed by consumer goods and services sector which accounted for 13.67 percent.
The week’s trading volume was led by the banks and financial services accounting for 31.36 percent of the total volume. This was followed by real estate sector which accounted for 19.26 percent. The industrials sector ranked third, accounting for 16.22 percent followed by the telecom sector.
Again, the banks and financial services sector led trading number of transactions during the week, accounting for 34.57 percent of the total number of transactions, followed by industrials sector which accounted for 19.10 percent.
The consumer goods and services sector ranked third, accounting for 14.70 percent followed by Real Estate sector, which accounted for 13.75 percent.
Seventeen of the 42 listed companies ended this week higher, while 22 fell and three companies remained unchanged.
The T bill 9m 02012014 led trading value during this week, accounting for 20.46 percent of the total trading value, followed by Industries Qatar which accounted for 9.86 percent. The Gulf International Services ranked third, accounting for 6.94 percent.
The bourse was down 30.08 points or 0.35 percent to 8,481.20 points yesterday from Wednesday’s closing of 8,511.28 points.
The volume of shares traded fell to 3.3m from 3.4m, and the value of shares increased to QR139.25bn from QR132.74bn on Wednesday.
Among the top losers were Industries Qatar whose share dropped 1.13 percent to QR157.70, Commercialbank lost 0.93 percent to QR64.10, Qatar Islamic Bank fell 0.57 percent to QR69.90 and Doha Bank down 0.88 percent to QR45.
The Qatar banking and financial sector lost 0.31 points while the insurance sector fell 0.23 points.
The Qatar industrial sector dropped 69 points and the Services sector down 0.09 points.
The Peninsula
