QSE closes in red on three sector drop

Mubasher: The Qatar stock exchange (QSE) ended Tuesday’s trades in the red zone, pressured by a drop of three sectors.

The general index declined 0.51% to 7,768.52 points losing 39.66 points.

By the end of the session, the companies’ market value decreased 0.2% to QAR 416.43 billion, compared to QAR 417.40 billion on Monday.

The three losing sectors topped by the real estate with 0.35% on the drop of Barwa Real Estate by 1.06% and Mazaya Qatar real estate development by 0.47%.

Meanwhile, other four sectors leveled up, topped by the banking sector by 0.37% as Qatar International Islamic Bank surged 1.91% overriding the drop of Qatar National Bank (QNB) stock by 9.25%.

The goods’ sector went up 1.47%, led by Mannai Corporation with 9.98%.

Meanwhile, the industrial sector climbed 0.03% after the Gulf International Services’ stock advanced 2.06%.

On Tuesday, liquidity increased to QAR 337.78 million from QAR 166.73 million on Monday, while traded volume rose to 8.91 million shares against 6.62 million shares in the last session.

Vodafone Qatar, which inched up 0.33%, topped traded volume by 1.6 million shares, while QNB's stock saw a high liquidity of 0.85% to QAR 35.2 million.

 

Mubasher Contribution Time: 21-Nov-2017 12:41 (GMT)
Mubasher Last Update Time: 21-Nov-2017 12:41 (GMT)