Doha: The Qatar Stock Exchange (QE) Index crossed 11,600 level yesterday. The QE Index recorded a gain of 30.46 points, or 0.26 percent to close at 11,683.73 points. The rally was driven by buying support from Qatari and foreign investors. The index had closed at 11,653.27 points on December 21.
Top gainers in yesterday’s trade were Mannai Corporation, Mesaieed Petrochemical Holding Company, QNB, Qatar Islamic Bank and Qatar Aluminum Manufacturing, rising 1.02 percent, 0.95 percent, 0.6 percent, 0.5 percent, and 0.4 percent, respectively.
Qatar Islamic Insurance, Qatar Oman for Investment, Qatar General Insurance & Reinsurance, Salam International and Inma Holding lost 2.4 percent, 2.3 percent, 1.9 percent, 1.8 percent and 1.2 percent respectively. The volume of shares traded increased to 87,154,263 from 84,090,961 on Tuesday and the value of shares increased to QR257,125,595 from QR226,355,549 on Tuesday.
The indices of three sectors ended in green zone and four sectors in red zone today. QSE Total Return Index gained 0.26 percent to 23,128.66 points and QSE Al Rayan Islamic index increased 0.11 percent to 4,767.69 points and QSE All Share Index added 0.23 percent to 3,691.68 points.
The indices of banks and financial services industrials and transportation gained – 0.43 percent, 0.18 percent, and 0.24 percent respectively, whereas real estate, insurance, telecoms and consumer goods and services, decreased to 0.15 percent, 0.71 percent, 0.02 percent and 0.31 percent respectively.
On Tuesday, the QE Index declined marginally to close at 11,653.27. The Real Estate and Banks & Financial Services indices led the losses.
The index fell on the back of selling pressure from Qatari and GCC shareholders despite buying support from Arab and foreign shareholders. Al Khaleej Takaful Insurance Co. and Qatari German Co for Medical Devices were the top losers, falling 2.2 percent and 1.2 percent, respectively. Among the top gainers, Widam Food Company gained 2.2 percent, while Zad Holding Company was up 1.9 percent.
Volume of shares traded on Tuesday fell by 33 percent to 84.1 million from 125.5 million on Monday.
