DOHA: Snapping a six -week bearish run, Qatar Exchange gained 111.37 points last week amid interests from foreign institutional buyers. The bourse gained 1.34 percent to close at 8,442.51 points last week.
All the indices ended green zone last week with telecoms on top of the chart gaining 3.47 percent. While the industrial sector advanced 1.90 percent, the transportation index edged 1.58 percent.
Market capitalisation rose by 1.24 percent to reach QR462.8bn as compared to QR457.1bn at the end of previous week.
Trading value decreased by 9.30 percent to reach QR668m last week compared to QR736m the previous week. Trading volume decreased by 3.88 percent to reach over 13 million shares, as against 13.61m shares, while the number of transactions fell by 15.18 percent, to reach 9,133 as compared to 10,768 transactions.
The banking and financial services sector led trading value last week, accounting for 46.06 percent of the total value. It was followed by the industrial sector accounting for 34.91 percent. The consumer goods and services sector ranked third, accounting for 8.05 percent followed by the transportation sector.
The banking and financial services sector led the trading volume last week. Of the total volume, the sector traded 45.19 percent followed by the industrial sector which accounted for 20.93 percent. The consumer goods and services sector ranked third accounting for 9.77 percent followed by the transportation sector.
The banking and financial services sector also led the trading number of transactions accounting for 38.41 percent, followed by the industrials sector which accounted for 26.72 percent. The consumer goods and services sector and the transportation sector accounted for 12.12 percent and 8.28 percent respectively.
Of the 42 listed companies, 32 ended this week higher, while seven fell and three remained unchanged. Industries Qatar led trading value during the week, followed by QNB and Masraf Al Rayyan.
For the day, QE advanced over 35 points or 0.42 percent to close at 8,442.51 points. All the indices, except Consumer Goods & Services ended on positive territory. The telecom sector performed best, surging 1.96 percent.
Among the top gainers were Qatar German Company for Medical Devices that topped the chart advancing 8.08 percent. Qatar National Bank was up 0.61 percent to QR131.40, Qatar Telecom rose 1.76 percent to QR103.90, Vodafone Qatar gained 3.07 percent to QR8.73 and Barwa was up by 0.72 percent to QR27.90. The banking and financial sector index was up 11.91 points while the consumer goods and services sector index dropped 4.37 points. The industrial sector gained 5.31 points while the insurance sector rose 1.34 points. Qatar Company for Meat Livestock Trading topped the loser’s chart shedding 1.46 percent. The volume of the shares traded increased 17 percent to 4.63m compared to Wednesday.
The Peninsula
