Doha: Qatari stocks continued gaining with the Qatar Stock Exchange (QSE) Index rising over 200 points and crossed 13,900 level, yesterday. The QSE Index recorded a gain of 240.14 points, or 1.75 percent to close at 13,989.49 points as the rally was driven by buying support from Qatari and foreign investors.
During yesterday’s session the volume of shares traded rose to 355 million from 169 million on Tuesday and the value of shares increased to QR931 million from QR571 million on August 16, as a result of implementing 20,777 deals in all sectors. In the session, the shares of 30 companies rose, while the prices of ten companies decreased, and five companies maintained their previous closing price.
At the end of the trading session, the market capitalization reached QR777.86bn, compared to the last trading session, which amounted to QR764.05bn. The indices of seven sectors ended in green zone yesterday. QSE Total Return Index gained 1.75 percent to 28,655.01, QSE Al Rayan Islamic index added 1 percent to 5,736.32 points and QSE All Share Index rose 1.8 percent to 4,446.02 points. The indices of banks and financial services, industrials, transportation, real estate, insurance, telecoms, and consumer goods & services gained, 2.81 percent, 0.2 percent, 0.62 percent, 0.91 percent, 0.41 percent, 0.75 percent, and 1.50 percent respectively.
Top gainers in yesterday’s trade were Qatar First Bank, Mannai Corporation, QLM Life & Medical Insurance, Zad Holding and Qatar Islamic Bank, rising 10 percent, 9.3 percent, 4.2 percent, 4.04 percent, and 3.8 percent, respectively. Qatar Aluminum Manufacturing, Gulf International Services, Qatar Industrial Manufacturing, Al Meera Consumer Goods Company, Qatar National Cement lost 1.3 percent, 1.05 percent, 0.9 percent, 0.93 percent, and 0.62 percent respectively.
On Tuesday, the QSE Index rose 0.4 percent to close at 13,749.35 points. Gains were led by the Insurance and Industrials indices, gaining 0.9 percent and 0.8 percent, respectively. Top gainers were Mannai Corporation and Qatar First Bank, rising 9.9 percent and 5.0 percent, respectively. Among the top losers, QLM Life & Medical Insurance Co fell 2.3 percent, while Zad Holding Company was down 1.7 percent.
The indices of six sectors ended in green zone and one sector ended in red zone on Tuesday. QSE Total Return Index gained 0.36 percent to 28,163.13, QSE Al Rayan Islamic index gained 0.6 percent to 5,679.41 points and QSE All Share Index gained 0.29 percent to 4,367.29 points.
All of Qatar Stock Exchange (QSE) listed companies have disclosed their financial results for the six-month period ended June 30, 2022. The results show a 29.24 percent increase in the net profits of the QSE listed companies to QR27.19bn during the first half of 2022 from QR21.04bn for the same period last year.
Data issued by the QSE yesterday revealed that the telecommunications sector topped the financial results of the listed companies in the first half of the year.
