Mubasher: The Qatar stock exchange (QSE) ended Wednesday’s trading session in the red, dragged down by a massive drop of all sectors.
The general index declined 124.44 points, or 1.20%, to finish at 10,252.50 points.
The bourse’s liquidity decreased to QAR 173.3 million on Wednesday from QAR 204.9 million on Tuesday, while the trading volume went down to 4.9 million shares against 6.4 million in the previous session.
The banking sector topped the QSE’s losers falling 2.45% as Qatar Islamic Bank (QIB) and the heavyweight Qatar National Bank (QNB) plunged 4.44% and 3.29%, respectively.
Similarly, the real estate sector levelled down due to Ezdan Holding Group’s 1.42% drop, while the industrial sector went down 0.40% on the back of Qatar National Cement’s 1.66% drop.
By the end of the session, QNB’s stock led the QSE in terms of liquidity with QAR 28.8 million, while Qatar First Bank’s (QFB) stock, which stood at QAR 4.27, spearheaded the market in terms of trading volume with 901,800 shares.
