QSE closes Sunday up on blue chips

Mubasher: The Qatar Stock Exchange (QSE) closed Sunday's trading session in the green, encouraged by the growth of five sectors amid thin trade.

The general index added 0.70%, or 54.12 points, to 7,827.71 points.

By the end of Sunday’s session, market capitalisation declined 0.7% to QAR 428.7 billion, compared to QAR 425.6 billion on Thursday.

Liquidity dropped to QAR 108.13 million from QAR 180.01 million on 7 November, while the trading volume went down to 5.89 million shares versus 9.01 million shares in the previous session.

QSE’s general index was boosted by the rise of blue chips. Qatar National Bank, Industries Qatar and Masraf Al Rayan rose by 1.18%, 0.88% and 0.59%, respectively.

The industrial sector gained 1.20%, spearheaded by Qatari Investors Group’s 7.97% surge. The real estate levelled up 2.39 after Ezdan Holding Group edged up 3.26%.

Similarly, the banking sector went up 0.54%, led by Qatar First Bank which soared 2.27%.

Meanwhile, the telecommunication sector decreased 0.68% after Ooredoo shed 1.21%, while the insurance sector shrank 0.54%, dragged down by Qatar General Insurance and Reinsurance’s 9.96% slump. 

By the end of Sunday’s session, Investment Holding Group topped the QSE in terms of trading volume with 1.09 million shares, while Masraf Al Rayan headed the bourse in terms of liquidity with QAR 11.29 million, increasing 0.59%.

Mubasher Contribution Time: 10-Dec-2017 12:59 (GMT)
Mubasher Last Update Time: 10-Dec-2017 13:13 (GMT)