Mubasher: The Qatar stock exchange (QSE) ended Wednesday’s trading in positive territory, hitting the highest level since April 2017, supported by the growth of five sectors and disclosing the third-quarter financial results of the 45 listed companies.
The general index rose 137.51 points, or 1.35%, to finish at 10,300.92 points.
The bourse’s liquidity increased to QAR 330.05 million on Wednesday from QAR 225.98 million on Tuesday, while the trading volume jumped to 7.31 million shares against 6.66 million in the previous session.
The banking sector topped the gainers adding 3.16% on the back of the heavyweight Qatar National Bank’s (QNB) 5.41% hike, reaching the highest price of QAR 195.
Similarly, the industrial sector levelled up 0.47% as Qatar Electricity and Water rose 1.56%.
On the negative side, the transportation sector headed the bourse’s decliners falling 1.51% due to Qatar Navigation’s (Milaha) 2.67% drop, while the goods and services sector plunged 0.21% as Qatar for Cinema and Film Distribution fell 6.12%.
By the end of the session, QNB’s stock led the QSE in terms of liquidity with QAR 98 million, while Vodafone Qatar’s stock, which decreased by 0.48%, spearheaded the market in terms of trading volume with 759,600 shares.
