Stocks in the Qatar Stock Exchange (QSE) have continued their bull run in the second week of 2022.
The QE Index jumped 155 points or 1.27 percent yesterday to close at 12,318 points. Helped by yester-day’s rise, the index has gained 359 points or 3 percent during the second week of the new year.
The index has surged around 700 points (693 points to be exact) or 6 percent in the first two weeks of 2022. The index had surged 334 points in the first week of this year.
One of the main highlights of this week was that the QE Index registered gains on four trading sessions of the week except Tuesday when it declined mar-ginally by around 4 points.Market capitalization increased to QR700.3bn yes-terday from QR692.5bn on Wednesday.
The volume of shares traded increased to 204 million yesterday from 148.5 million on Wednesday and the value of shares increased to QR819m from QR618.4m on Wednesday. The QE Index, on Wednesday, rose 0.9 percent to close at 12,163.2.
The Banks & Financial Services and Telecoms Index indices led the gains. The index rose on the back of buying support from foreign and Arab share-holders despite selling pressure from Qatari and GCC share-holders.
Mesaieed Petrochemical Holding and Gulf Warehousing Company were the top gainers, rising 3.4 percent and 2.7 percent, respectively.
Among the top losers, Islamic Holding Group fell 1.8 percent, while Doha Insurance Group was down 1.6 percent. On Tuesday, The QE Index declined marginally to close at 12,052.4. The Consumer Goods & Services and Insurance indices led the losses.
The index fell on the back of selling pressure from Qatari and Arab shareholders despite buying support from foreign and GCC shareholders.
QLM Life & Medical Insurance Co. and Mazaya Qatar Real Estate were the top losers, falling 2.9 percent and 1.7 percent, respec-tively.
Among the top gainers, Qatari Investors Group gained 2.2 percent, while Barwa Real Estate Company was up 1.5 percent.On Monday, The QE Index rose 0.4 percent to close at 12,056.4.
The Transportation and Industrials 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.
Gulf International Services and Islamic Holding Group were the top gainers, rising 2.9 percent and 2.6 percent, respectively.
Among the top losers, Widam Food Company fell 2.0 percent, while Qatar Islamic Insurance Company was down 1.1 percent.
On the first trading day of the week, on Sunday, the QE Index rose 0.4 percent to close at 12,011.4. The Real Estate and Insurance indices led the gains.
The index rose on the back of buying support from GCC, Arab and foreign share-holders despite selling pressure from Qatari shareholders.
Dlala Brokerage & Inv. Holding Co. and Investment Holding Group were the top gainers, rising 5.7 percent and 5.5 percent, respectively.
Among the top losers, Zad Holding Company fell 3.6 percent, while Ahli Bank was down 3.5 percent.Trading value during this week reached QR 2.89bn and the trading volume reached 878.57 million with 56,440 transactions. Market capitalization reached QR700.3bn as compared to QR679.58bn at the end of previous week.
Banking and Financial Services sector increased 185.36 points, 3.67 percent, to 5,238.77 points and Consumer Goods and Services sector gained 94.71 points, 1.16 percent, to 8,255.21 points.
Industries sector increased to 99.64 points, 2.39 percent, to 4,271.67 and the Insurance sector gained 35.07 points, 1.34 percent, to 2,649.18 points.
