Insurance, telecom drag QSE down at Thursday's open

Mubasher: The Qatar Stock Exchange (QSE) started Thursday’s trading session down, dragged lower by the drop of insurance and telecoms sectors.

By 10:00 am Qatar time, the general index fell 12.17 points, or 0.13%, to 8,861.21 points.

The QSE’s saw trading of 1.1 million shares changed hands through 641 transactions, with a liquidity of QAR 28.3 million.

The insurance sector inched down 0.42% as Qatar Insurance Company’s stock shed 0.62%, while the telecoms sector edged down 0.13% after Ooredoo’s stock declined 0.58%.

On the positive side, the real estate sector grew 0.57% as Barwa Real Estate Company’s (Barwa) stock increased 0.93%, while Ezdan Holding Group’s stock inched up 0.46%, meanwhile United Development Company’s (UDC) stock which fell 6.96%.

The industrials sector rose 0.44% after Qatar National Cement’s stock gained 4.01%.

Mazaya Qatar Real Estate Development’ stock led the bourse in terms of traded volume with 166,400 shares, while Industries Qatar’s stock, up 0.93%, topped the market in terms of trading value with QAR 5.2 million.

Mubasher Contribution Time: 22-Mar-2018 07:36 (GMT)
Mubasher Last Update Time: 22-Mar-2018 07:44 (GMT)