Shares in Qatar stock market ended the week on a positive note as shares registered strong gains during the week. The Qatar Stock Exchange (QE) Index has risen by 180 points or around 2 percent to close at 10,290.20 points yesterday from 10,107 on previous Thursday. Of the total five trading days during the week, the index closed at higher levels than previous closing session on three days. Stock market started the week on bullish note as the QE Index rose 0.9 percent to close at 10,202.8 on Sunday. Gains were led by the Banks & Financial Services and Transportation indices, gaining 2.1 percent and 1.7 percent, respectively. Top gainers were QNB Group and Qatar Navigation, rising 4.4 percent and 4.0 percent, respectively.
Among the top losers, Dlala Brokerage & Investment Holding Company fell 4.7 percent, while Mazaya Real Estate Development was down 3.3 percent. On Monday, the QE Index rose 1.2 percent to close at 10,329.7. Gains were led by the Real Estate and Industrials indices, gaining 3.0 percent and 1.8 percent, respectively. Top gainers were Ezdan Holding Group and Qatari German Company for Medical Devices, rising 10.0 percent and 7.5 percent, respectively. Among the top losers, Medicare Group fell 2.4 percent, while Qatar Insurance Company was down 1.7 percent. The index could not maintain rising trend next day as the QE Index declined 0.7 percent to close at 10,261.2 on Tuesday. Losses were led by the Banks & Financial Services and Consumer Goods & Services indices, falling 1.7 percent and 0.8 percent, respectively. Top losers were Qatar Islamic Bank and QNB Group, falling 2.6 percent and 2.4 percent, respectively.
Among the top gainers, Qatar General Ins & Reins Co. gained 5.3 percent, while Qatar Gas Transport Company was up 3.4 percent. On Wednesday, the QE Index rose 0.4 percent to close at 10,303.9. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.7 percent and 0.8 percent, respectively. Top gainers were Qatar Cinema & Film Distribution Co. and Al Meera Consumer Goods Co., rising 7.0 percent and 2.4 percent, respectively. Among the top losers, Qatar General Insurance & Reins. Co. fell 7.1 percent, while Qatar Gas Transport Co. Ltd. was down 5.4 percent. However, the index witnessed a drop of 13.69 points or 0.13 percent yesterday as it closed at 10,290.20 compared to previous closing of 10,303 points on Wednesday. The volume of shares traded decreased to 156.6 million from 200.8 million on Wednesday and the value of shares decreased to QR415m from QR507.8 million on Wednesday. Indices of three sectors closed with gains while four sectors ended in red zone yesterday. QSE Total Return Index decreased 0.13 percent to 19,782.58 points and QSE Al Rayan Islamic Index fell 0.21 percent to 4,185.87 points. QSE All Share Index lost 0.17 percent to 3,162.88 points.
