Doha – Mubasher: The Qatar Stock Exchange (QSE) closed Wednesday’s trading on a negative note as its benchmark index declined by 0.27% or 28.21 points to the level of 10,403.04 points.
The index was pressured by the fall in Industries Qatar, QNB and Ezdan by 0.56%, 0.19% and 0.77 respectively.
Ahmed Maher, financial analyst at Enmaa Financial Services, suggested that investors are negatively affected by the index’s sideways performance, noting that the bourse saw lower liquidity over the last sessions.
Trading volume decreased to 3 million shares from 3.8 million shares exchanged on Tuesday, turnover also shrank to QAR 95.42 million from QAR 155.08 million.
“The index’s failure to exceed the level of 10,600 points or break below 10,200 points raised questions among traders about when the index is going to end this sideways performance,” Maher told Mubasher.
The industrial sector was the worst performer after falling by 0.62%, dragged by the fall in Aamal and Qatar Cement by 1.33% and 1% respectively.
The consumer goods and real estate sector declined by 0.51% and 0.34% respectively, while the banking sector rose 0.04%.
Mazaya Qatar led decliners with a 1.73$ decrease, while Al Khalij Commercial Bank topped risers by adding 2.3%.
