QSE closes Monday higher on blue chips

Mubasher: The Qatar Stock Exchange (QSE) ended Monday’s trading session in the green, encouraged by the growth of four blue chips amid thin trade.

The general index inched up 0.41%, or 38.54 points, to 9,450.07 points.

By the end of Monday’s trading, turnover rose 0.8% to QAR 515.9 billion.  

The QSE’s liquidity decreased to QAR 170.39 million on Monday from QAR 200.18 million on Sunday, while the trading volume declined to 6.31 million shares versus 8.91 million in the previous session.

The real estate sector topped the market’s four gainers, adding 2% after Ezdan Holding Group and United Development increased 3.21% and 1.42%, respectively.

Similarly, the banking sector levelled up 1.11% as Qatar Oman Investment hiked 4.25%.

On the flipside, the goods and services sector topped the bourse’s losers, falling 0.17% dragged by Zad Holding Company, which slid 3.68%.

The industrial sector went down 0.11% after Gulf International Services dropped 2.53%.

United Development spearheaded the QSE’s trading volume with 877,900 shares, while Qatar First Bank led the market in terms of liquidity with QAR 25.2 million.

 

Mubasher Contribution Time: 29-Jan-2018 11:38 (GMT)
Mubasher Last Update Time: 29-Jan-2018 11:43 (GMT)