Mubasher: The Qatar Stock Exchange (QSE) slipped on Wednesday’s close after five sectors fell, while trades increased.
The QSE’s benchmark index edged down 0.01% or 1.20 points and closed at 10,761.79 points.
Turnover jumped to QAR 378.89 million from QAR 294.33 million on Tuesday, while traded volume grew to 12.10 million shares versus 9.89 million.
Five sectors ended lower, led by real estate with 0.55% after Ezdan and Barwa declined 0.77% and 0.32%, respectively, while the banking sector lost 0.38%, weighed by Qatar First Bank’s 3% drop, while Qatar National Bank (QNB) shed 0.5%.
On the other hand, two sectors closed in the green, led by transport with 1.76% after Nakilat gained 2.89%, while consumer goods added 1.24% after Zad Holding surged 9.76% to a record high of QAR 129.50.
In terms of activity, QNB was the value leader with QAR 82.11 million in turnover, while QAMCO’s stock, down 2.31%, led in terms of volume with 1.88 million shares traded.
It is worth noting that QNB reported its results on Tuesday, logging QAR 13.8 billion in profits in 2018, registering a year-on-year rise of 5.3%, and noting that its board recommended a cash dividend distribution of 60% of the share’s nominal value or QAR 6 per share.
