QSE hits 6Y low on Tuesday

Mubasher: The Qatar Stock Exchange (QSE) on Tuesday dropped to its lowest level since 24 August 2011.

The main index dropped 0.09% or 7.25 points to 8,110.16 points.

The index was pressured by the decline in six sectors, led by the consumer goods with 1.74%, as six stocks dropped, led by Medicare with 3.88%.

The real estate sector also slid 1.24%, dragged down by the drop in all stocks, led by Mazaya Qatar with 1.59%, after announcing the fall in the Q3-17 profits by 68.5%.

Moreover, the industrials declined 0.53%, led by Aamal with 4%.

On the other hand, the banks sector was the only gainer with 0.14%, backed by the growth in many stocks, topped by Ahli Bank with 3.20%, despite the decline in Islamic holding by 4.66%.

Turnover fell to QAR 139.72 million from QAR 165.43 million, while trading volume slid to 5.1 million shares from 8.11 million shares.

Investment Holding, down 1.41%, was the most active in terms of trading volume with 1.06 million shares, while QNB achieved the highest turnover at QAR 29.16 million, rising 0.08%.

Mubasher Contribution Time: 24-Oct-2017 12:32 (GMT)
Mubasher Last Update Time: 24-Oct-2017 12:32 (GMT)