Mubasher: The Qatar stock exchange (QSE) ended Monday’s trading session in the red pressured by the drop of all sectors and the bourse hit its lowest level since 5 June 2017 on the back of geopolitical tensions with the UAE.
The general index dropped 2.48%, or 227.69 points, to 8,946.97 points.
Already strained ties between Qatar and UAE have deteriorated further after the UAE’s General Civil Aviation Authority (GCAA) said that Qatari fighter jets intercepted an Emirati civilian aircraft during its scheduled flight to Bahrain early Monday.
The QSE’s liquidity increased to QAR 418.84 million on Monday from QAR 294.83 million on Sunday, while trading volume rose to 20.88 million shares against 16.78 million in the previous session.
The industrial sector topped the decliners after falling 2.45% after Aamal Company slid 5.60%.
Similarly, the banking sector declined 1.96% as Qatar National Bank (QNB) inched down 0.86%, while the real estate sector went down 1.20%, dragged by Mazaya Qatar Real Estate Development which fell 4.09%.
By the end of Monday’s session, 36 stocks dropped led by Qatar Navigation with 8.13, while 8 stocks rose led by Qatar General Insurance surging4.80%.
Investment Holding’s stock, which rose 0.65%, spearheaded the QSE’s trading volume with 5.4 million shares, while Masraf Al Rayan’s stock, which declined 4.85%, led the market in terms of liquidity with QAR 59.8 million.
