QSE ends Wednesday down on blue chips

Mubasher: The Qatar stock exchange (QSE) ended Wednesday’s trading session in the red, as several sectors retreated amid low trades.

The general index inched down 0.01%, or 0.95 points, to 8,500.05 points.

The QSE’s liquidity decreased to QAR 181.36 million on Wednesday from QAR 184.41 million on Tuesday, while the trading volume declined to 10.65 million shares against 13.89 million in the previous session.

Blue chips Masraf Al Rayan, Qatar National Bank (QNB), and Industries Qatar fell 1.01%, 0.24%, and 0.06%, respectively. Blue chips make up more than 37% of the relative weight of the QSE’s general index.

The real estate sector topped decliners, falling 0.33% after Ezdan Holding Group and United Development Company tumbled 0.58% and 0.35%, respectively.

Meanwhile, the industrial sector topped gainers levelling up 0.26% after Qatar Industrial Manufacturing Company went up 3.02%.

The banking sector inched up 0.07% on the back of Ahli Bank’s 9.69% surge.

Qatar Islamic Insurance’s stock topped the QSE’s losers tumbling 4.14%, while Zad Holding’s stock led risers adding 9.97%.

Qatar First Bank, up 2.27%, headed the QSE’s trading volume with 5.1 million shares, generating QAR 33.2 million.

 

Mubasher Contribution Time: 27-Dec-2017 12:25 (GMT)
Mubasher Last Update Time: 27-Dec-2017 12:25 (GMT)