QSE ends 2017 final trading day down on blue chips

Mubasher: The Qatar stock exchange (QSE) ended Sunday, the final trading session of 2017, in the red, dragged down by the fall of four sectors and blue chips.

The general index inched down 0.03%, or 262 points, to 8,523.38 points.

The QSE’s liquidity increased to QAR 194.60 million on Sunday from QAR 189.95 million on Thursday, while the trading volume levelled up to 10.94 million shares against 7.39 million in the previous session.

The blue chips, which represent 37% of the QSE general index’s relative weight, pushed the index down. Masraf Al Rayan and Industries Qatar fell 1.02% each, while Qatar National Bank (QNB) shed 0.77%.

The insurance sector topped the decliners losing 2.35%, after Doha Insurance Group and Qatar Insurance tumbled 3.45% and 3.15%, respectively.

The industrial sector declined 0.04%, as Qatar Electricity and Water and Industries Qatar retreated 1.66% and 1.02%, respectively.

On the flipside, the goods sector topped the bourse’s gainers adding 1.99%, led by Medicare group’s 10% rise.

Similarly, the banking sector levelled up 0.17% after Ahli Bank surged 9.83%.

Qatar First Bank, which increased 1.40%, headed the QSE’s trading volume with 2.8 million shares, while Masraf Al Rayan, which rose 1.75%, topped the market in terms of liquidity with QAR 19.5 million.

Mubasher Contribution Time: 31-Dec-2017 11:56 (GMT)
Mubasher Last Update Time: 31-Dec-2017 11:56 (GMT)