Mubasher: The Qatar Stock Exchange’s (QSE) general index leapt 123.09 points, or 1.17%, to close at 10,658.22 points on Thursday, its highest level since March 2017.
The QSE’s liquidity plunged to QAR 348.76 million on Thursday from QAR 1.13 billion in the previous session, while trading volume retreated to 10.90 million shares, compared to 14.67 million on Wednesday.
The QSE’s risers were led by the Qatar National Bank (QNB), Industries Qatar, Qatar Islamic Bank, and Masraf Al Rayan with 0.77%, 2.87%, 1.27% and 0.96%, respectively. Combined these four stocks represent a weight of 51.3% of the QSE’s benchmark index.
In terms of sectors, the industrials sector led risers with 1.65% headed by Industries Qatar, the second heaviest Qatari stock, which added 2.87%.
The banking sector grew 1.02% topped by Qatar Oman Investment with 5.26% and heavyweight QNB.
Meanwhile, the insurance sector retreated by 0.51% headed by Qatar General Insurance and Reinsurance and Qatar Islamic Insurance which tumbled 2.91% and 2.65%, respectively.
The transportation sector fell 0.13%, pressured by Qatar Navigation which lost 0.37%.
QNB’s stock topped the QSE in terms of turnover with QAR 62.06 million, while Qatar First Bank’s stock, down 1.09%, registered the highest trading volume of 1.66 million shares.
