Leading stocks push QSE down on Thursday

Mubasher: The Qatar Securities Exchange (QSE) closed Thursday in the red zone, pressured by the drop in six sectors, causing a sharp drop in the liquidity levels.

The general index fell 1.29% to 8,312.43 points, losing 108.77 points.

The general index was pressured by the drop in leading stocks, led by Rayan with 1.82%, QNB with 1.37%, and Industries Qatar with 1.24%.

The real estate sector led the losers, with a 2.99% drop, pressured down by Ezdan’s stock, with 5.06%.

The banks sector also slid 1.5%, led by Commercial Bank with 2.15%.

On the other hand, the consumer goods and services sector was the only gainer, with 1.61%, on the back of five stocks, topped by Mannai with 9.99%.

Liquidity shrank to QAR 181.67 million from QAR 302.76 million, while the trading volume declined to 10.41 million shares, from 13.6 million shares.

Qatar First Bank, down 0.56%, led the trading volume with 3.05 million shares, while QNB achieved the highest turnover at QAR 42.67 million.

Mubasher Contribution Time: 28-Sep-2017 13:12 (GMT)
Mubasher Last Update Time: 28-Sep-2017 13:12 (GMT)