By: Eman Ghaly
Mubasher: The Qatar Stock Exchange (QSE) recorded its highest weekly drop since the first week of Arab dispute arose in June.
During the week ended 1 March, the main index retreated 4.03% or 366.30 points to 8,730.06, pressured by the ongoing approval for dividend distributions.
Market capitalisation fell 4.06% or QAR 19.79 billion to QAR 467.57 billion compared to QAR 487.36 billion the week before.
On the other hand, trading value increased by 52.30% to QAR 1.2 billion from QAR 792.7 million Traded volume jumped 55.94% to 51.34 million shares, from 32.92 million shares, while the number of transactions rose by 37.19%, to 18,506 transactions.
During the week, six sectors dropped, led by insurance which shed 6.9%, followed by real estate and banks with 5.5% and 4.4%, respectively.
The telecommunication sector was the only winner, adding 4.9%.
As for stocks, 33 stocks declined throughout the week, led by Qatar Insurance which suffered a 25.3% drop, whereas 10 stocks ended higher, topped by Vodafone Qatar with 20.8%.
The banks sector achieved the highest trading value, acquiring 33.3% of the QSE's turnover, followed by the industrial and real estate sectors, with 22% and 16.5%, respectively.
Industries Qatar led in terms of trading value this week, accounting for 9.61% of the market's total trading value, followed by Barwa Real Estate and Vodafone Qatar, with 9.27% and 8.70%, respectively.
Translated by: Mohammad Shokhba
