DOHA: Qatar Exchange (QE) snapped the four-week bear run lifting the index 2.03 percent to close at 8,593.26 points this week. Trading value during the week increased by 23.93 percent to reach QR1.05bn compared to the previous week’s QR847m. Top gainers of the week are Industries Qatar, Medicare Group, Gulf International Services, United Development Company, and Qatari Investors Group. Qatar Meat & Livestock Company, Doha Insurance, Qatar Insurance, Aamal Holding Company and Mannai Corporation are the top losers.
QE’s trading volume increased by 33.48 percent to cross 30m shares, while the number of transactions rose by 8.56 percent to reach 15,504 transactions as compared to 14,282 transactions. Market capitalization rose by 2.14 percent to reach QR474bn as compared to QR464bn at the end of previous week.
The Industrials sector led trading value during this week, accounting for 36.11 percent of the total values followed by Banks and Financial Services sector, which accounted for 24.94 percent. The Real Estate sector ranked third accounting for 14.28 percent followed by Consumer Goods and Services sector.
In terms of trading volume, the Real estate sector led the market with 29.64 percent of the total traded volume.. Banks and Financial Services sector accounted for 20.93 percent and the Real Estate sector accounted for 17.4 percent. Industrials sector led trading number of transactions with a 28.39 percent of the total number of transactions. It was followed by Banks and Financial Services sector which accounted for 27.45 percent. The Real Estate sector ranked third accounting for 17.47 percent followed by Consumer Goods and Services sector. Of the 42 listed companies, 27 ended this week higher while 11 fell and 4 companies remain unchanged. the peninsula
Al Jaidah sees 8pc rise in quarterly GDP
Doha: The Director of Strategic Development, Asset Management and Banking at Qatar Financial Centre Authority Youssuf Al Jaidah has expected the quarterly Gross Domestic Product to continue growth in the upcoming five years to 8 percent.
Addressing the closing session of the 8th World Chambers Congress, held here under the title ‘Doing Business in Qatar and the Middle East’, Al Jaidah expected Qatar to lead growth in the Gulf Cooperation Council (GCC) countries during that period with the backing of the non-hydrocarbon sectors due to the accelerated increase of Qatar population from nearly 0.8mn to 1.9 mn this year. He noted that the projections of the Qatar Financial Centre Authority (QFC Authority ) have indicated that the volume of the Gross Domestic Product will reach $112bn in 2013 in the hydro-carbon sector and $96bn in the non-hydrocarbon sector.
QNA
