By: Eman Ghaly
Mubasher: The Qatar Stock Exchange (QSE) ended Sunday’s trading in the red, pulled down by the fall of five sectors.
The general index fell, or 41.07 points, to finish at 9,155.55 points.
The Qatari market’s performance has been positive over the last period, supported by the solid financial results of the Qatari companies, Capital markets technical consultant Ibrahim Al-Failakawi told Mubasher.
Al-Failakawi added that putting QSE’s strategy of increasing non-Qatari ownership limit to 49% into effect helped boost the market’s performance.
During the first session of this week, the QSE saw a traditional profit-taking wave, which may affect the bourse negatively, as the general index will decline to 8,600 points if this trend dominates the market, he noted.
The QSE’s liquidity decreased to QAR 229.08 million on Sunday from QAR 449.28 million on Thursday, while the trading volume went down to 12.37 million shares against 16.13 million in the previous session.
The real estate sector topped the QSE’s decliners falling 2.64% as Ezdan Holding Group and Barwa Real Estate Development levelled down 3.81% and 1.24%, respectively.
Similarly, the industrial sector decreased 0.62, after Industries Qatar’s 1.78% drop, while the banking sector went down 0.34 as Qatar National Bank (QNB) retreated 0.33%.
On the other hand, the goods and services sector headed the market’s risers adding 1.46% due to Qatar Fuel’s 3.07% increase.
The telecommunication sector levelled up 0.46% after the increase of Ooredoo and Vodafone Qatar by 0.60% and 0.22%, respectively.
Vodafone Qatar’s stock led the bourse in terms of trading volume with 3.6 million share, generating QAR 52.9 million in a turnover.
Translated by: Kholoud Mohamed Hussein
