Mubasher: The Qatar Stock Exchange (QSE) closed the week ended 8 February down, the lowest since week since 9 June 2017, losing QAR 24 billion.
The main index slid 3.41%, or 313.74 points, to close the week at 9,207.01 points.
The market, among regional Arab ones, was affected by the latest losses across the global markets
Market capitalisation went down 4.8% to QAR 24 billion to QAR 477.8 billion over the week, from QAR 501.8 billion in the prior week.
The QSE’s liquidity levelled up 23.7% to QAR 1.29 billion from QAR 969.05 million the previous week, while the number of transactions surged 31.8% to 22,270 against 16,900.
The market’s trading volume increased 38.9% to 51.78 shares this week versus 37.29 million last week.
By the end of the week, the real estate sector topped the QSE's losers with 9.9%, followed by the insurance and the telecommunications sectors, which dropped 7.8% and 6.6%, respectively.
Similarly, the transportation sector levelled down 4.95%, followed by decline the industrial, banking, and goods and services sectors by 4.4%, 2.9%, and 0.59%, respectively.
During the week, 36 stocks dropped, spearheaded by Ezdan Holding Group, which plummeted by 14.8%, while seven stocks increased topped by Qatar National Cement’s 2.9% gain. Two sectors closed the week stable.
Meanwhile, the banking sector topped the QSE in terms of trading value accounting for 42.9% of the market's total turnover, followed by the industrial, real estate, and goods and services sectors which recorded 17.8%, 15.9%, and 9.5%, respectively.
Qatar National Bank’s (QNB) stock led the market in terms of liquidity, making up 9.8% of the market, followed by Qatar Islamic Bank and Masraf Al Rayan with 8.8% and 8.7%, respectively.
The banking sector also topped the bourse in terms of volume, registering 35.6% of the QSE’s total traded shares, followed by the real estate, industrial and telecommunication sectors with 21.7%, 17.5%, and 10.4%, respectively.
