Doha – Mubasher: The Qatar Stock Exchange (QSE) have seen a negative performance during November for the fourth month in a row as market capitalisation lost QAR 25.9 billion.
The main index of the QSE closed November down 5.52% at 7,714.26 points, against closing at 8,165.06 points in October.
Traded value fell 5.8% to QAR 418.2 billion at the end of November from QAR 444.1 billion in October.
On the other hand, liquidity surged 17.4% to QAR 4.3 billion in November, compared to QAR 3.6 billion in October.
Trading volume inched up 0.4% to 167.9 million shares in November from 167.2 million shares in October.
Transactions stood at 68,300 transactions in November, rising 32.6% from 51,600 transactions in October.
The banks sector topped gainers with a 43.6% growth, followed by the industrial, the transportation, the real estate, the telecom, the consumer goods, and the insurance sectors which levelled up 21.3%, 9.6%, 8.8%, 5.6%, 6.2%, and 4.1%, respectively.
Qatar National Bank (QNB) led stocks in November, acquiring 20.7% of transactions, followed by Industries Qatar and Qatar Navigation which made up 6.9% and 6.1% of transactions, respectively.
The banks sector led trading volume during November with 28.61% of total trading volume, followed by the industrials, the real estate, the telecom, the transportation, the consumer goods, and the insurance sectors, which made up 23.57%, 17.35%, 12.64%, 8.84%, 4.5%, and 4.4%, respectively.
About 37 stocks of the 45 QSE-listed companies dropped in November, while six stocks went up and two remained stable.
It is worth mention that trading days during November were 22, against 23 days in October.
