Banking, real estate drag QSE down on Sunday

Mubasher: The Qatar stock exchange (QSE) ended Sunday’s trading session in the red, pressured by a drop in the banking and real estate sectors.

The general index went down 0.51%, or 48.1 points, to 9,411.53 points.

The QSE’s liquidity decreased 41.3% to QAR 200.18 million on Sunday from QAR 341.15 million on Thursday, while trading volume fell 8.6% to 8.91 million shares against 9.75 million in the previous session.

The banking and financial services sector topped decliners losing 1.4% after Qatar National Bank’s (QNB) 2.6% drop.

Similarly, the real estate sector lost 1%, as Barwa Real Estate, Ezdan Holding Group, and Mazaya Qatar Real Estate Development shed 1.17%, 1.12%, and 0.61%, respectively.

Meanwhile, the goods sector topped the market’s five gainers adding 1.4% led by Zad Holding Company’s 9.5% increase.

Doha Bank, which declined 0.39%, spearheaded the QSE’s liquidity with QAR 29.38 million, while Gulf International Services, which rose 3.64%, led the bourse in terms of trading volume with 1.41 million shares.

 

Mubasher Contribution Time: 28-Jan-2018 11:16 (GMT)
Mubasher Last Update Time: 28-Jan-2018 11:28 (GMT)