By: Eman Ghaly
Mubasher: The Qatar Stock Exchange (QSE) closed the week ended 8 March down, its second in a row, and hitting its lowest level since the diplomatic rift.
The main index retreated 4.8%, or 421.72 points, to close the week at 8,308.38 points.
Market capitalisation went down 4.81% to QAR 444.9 billion over the week, from QAR 467.6 billion in the prior week.
Transactions declined 21.3% to 14,600 transactions compared to 18,500 in the previous week, while the QSE’s liquidity slid 38.5% to QAR 742.7 million from QAR 1.2 billion.
By the end of the week, the real estate sector topped the QSE’s losers falling 5.97%, followed by the telecommunication, industrial, banking and goods sectors, which declined 4.81%, 4.20%, 3.30%, and 2.79%, respectively.
A total of 36 stocks witnessed a drop topped by Mesaieed’s stock, which plunged 13.1%.
The banking sector acquired 35.7% of the market’s liquidity, followed by the industrial, telecommunication, and real estate sectors with 23.9%, 12.3%, and 9.2%, respectively.
Meanwhile, the banking sector topped the QSE in terms of trading value with 33.9%, followed by the industrial, telecommunication, and real estate sectors, which recorded 24.6%, 21.8%, and 10.9%, respectively.
Translated by: Kholoud Mohamed Hussein
