Doha – Mubasher: The Qatar Stock Exchange turned into red on Wednesday, hurt by falling oil prices, after three straight sessions of gains.
The main index fell 0.59% or 58.61 points to the level of 9,814.52 points, Al Rayan Islamic Index declined 1.80% to 3,472.73 points and the All Share Index dipped 0.71% to 2,618.27 points.
Brent prices decreased 4% or $1.21 to $32.18 per barrel after an agreement between Russia and Saudi Arabia to freeze oil output at January levels.
Trading volume dropped 46.3% to 7.63 million shares, compared to 14.21 million shares exchanged yesterday. Turnover also plunged 40.6% to QAR 229 million from QAR 385.17 million.
The transportation, real estate and telecom sectors were the worst performers as they fell 2.54%, 1.14% and 0.91% respectively, while services rose 0.13%.
Qatar Oman Investment was the best performing share after adding 4.15%, whereas Gulf Warehousing topped losers as it declined 9.82%.
The biggest trading volume was recorded by Salam International Investment with 1.69 traded shares, while Qatar Insurance made the highest trading value with liquidity of QAR 34 million.
The benchmark index rose yesterday 0.16% or 15.93 points to 9,873.13 points, the highest level since 7 January.
Translated by: Elwy el-Manzalawy
