QSE closes Thursday higher after 6 straight drops

Mubasher: The Qatar stock exchange (QSE) ended Thursday’s trading in the green, for the first time after six straight declines, encouraged by the growth of five sectors, amid high trades.

The general index rose 0.24%, or 20.85 points, to finish at 8,573.99 points.

By the end of the last session this week, the QSE’s liquidity increased to QAR 299.75 million from QAR 199.47 million on Wednesday, while the trading volume jumped to 9.85 million shares against 8.16 million in the previous session.

The goods sector topped the QSE’s gainers adding 1.05% as Qatar Fuel rose 2.08%.

Likewise, the banking sector inched up 0.07% after Dlala Brokerage and Investment Holding increased 1.81%.

Meanwhile, the real estate sector topped the bourse’s losers falling 0.27%, dragged by Mazaya Qatar Real Estate Development and Ezdan Holding Group which dipped 6.15% and 0.94%, respectively.

The industrial sector inched down 0.13% after Industries Qatar declined 0.71%.

Qatar First Bank’s stock, which fell 4.63%, led the bourse in terms of trading volume with 2.3 million shares, while Qatar National Bank’s (QNB), which inched down 0.01%, topped the market in terms of liquidity with QAR 49.8 million.

 

MUBASHER Contribution Time: 29-Mar-2018 11:09 (GMT)
MUBASHER Last Update Time: 29-Mar-2018 11:19 (GMT)