Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) ended Tuesday in the red zone after losing 1.56% or 143.73 points to reach 9,058.89 points.
The transportation sector dropped 3.96% as Gulf Warehousing retreated 8%, followed by Qatar Gas Transport Company Ltd (Nakilat) with 5.08%, and Qatar Navigation (Milaha) with 0.79%.
The real estate sector declined 2.67% after United Development Company and Ezdan Holding Group decreased 3.79% and 3.27%, respectively.
The banks sector lost 1.34% as Dlala Brokerage and Investment Holding slid 8%, while the industrials sector shed 0.82%.
Qatari German for Medical Devices’ stock was the worst performer with 8.75%, whereas Ahli Bank led risers with 6.67%
Traded volume rose to 26.86 million shares on Tuesday against 21.74 million shares on Monday, whereas trading value decreased to QAR 792.48 million from QAR 793.14 million.
Qatar First Bank’s (QFB) stock led in terms of traded volume with 4.29 million shares, while Qatar National Bank (QNB) was the most active in terms of trading value with a turnover of QAR 156.84 million.
The rift of breaking diplomatic relations between Qatar and Saudi Arabia, Egypt, Bahrain, and the UAE has had a negative impact on the QSE’s performance.
