QE loses QAR 4.7m on market capitalisation

Doha - Mubasher: Qatar Stock Exchange (QE) ended this week in the red, on the back of market capitalisation losses by about QAR 4.7 million.

The general index retreated 0.81%, or 81.13 points, during the week to close at 9885.22 points.

Al Rayan Islamic index shed 1.26%, or 48.88 points, followed by a drop of 0.79%, 21.95 points, for the all share index.

The Real Estate sector topped fallers, losing 1.80% affected by the drop of Mazaya Qatar by 2.94%, Ezdan Holding by 2% and Barwa by 1.2%.

The industrials sector decreased by 1.79% after Mannai went down by 5.13% and Industries Qatar by 2.49%.

In the third place, the QE telecoms sector slid 1.05% after the negative performance of Ooredoo by 1.34%.

QE banks and financial services sector slipped 0.45%, pressured by the decline of most of its shares: Al Ijarah Holding by 3.64% and Qatar International Bank (QIB) by 2.69%.

On the other hand, the insurance and consumer goods and services sectors levelled up 2.13% and 0.17, respectively.

Trading value also increased during this week by 4.15% to reach QAR 602.3 million through the trading of 18.7 million shares.

Market capitalisation levelled down 0.87% during the last week of June recording QAR 532.7 billion, compared to QAR 537.37 million in the preceding week.

Mubasher Contribution Time: 30-Jun-2016 13:59 (GMT)
Mubasher Last Update Time: 30-Jun-2016 14:23 (GMT)