By: Mohamed Farouk & Eman Ghaly
Mubasher: The Qatar Securities Exchange (QSE) saw a negative performance during September, as the market capitalisation declined by QAR 22.1 billion.
During September, the general index lost 488.13 points, or 5.55%, to close at 8,312.43 points.
The QSE losses in September were huge, due to the continuous Arab sanctions, as well as other economic and geopolitical factors, market analyst Ibrahim Al Filkawy said.
Many portfolios and funds exited the market to the neighbouring ones, such as the Kuwaiti and Saudi markets, Al Filkawy added.
Some technical rebounds might happen in the fourth quarter of 2017, however; they will not be that effective, as the sanctions will increase negativity in the market, remarkably pressuring the stock prices down, and giving chances for newcomers, Al Filkawy predicted.
Market capitalization fell by 4.64% in September to reach QAR 454.6 billion as compared to QAR 476.7 billion at the end of August.
On the other hand, trading value during September increased by 6.84% to reach QAR 4 billion, as compared to QAR 3.7 the month before.
Trading volume increased by 20.76% to reach 192.5 million shares, as against 159.4 million shares.
The number of transactions fell by 1.21%, to reach 48,956 transactions as compared to 49,557 transactions during August.
The banks sector led trading value during the month, with 43.36% of the total trading value, followed by industrials, with 21.83%, telecoms, with 12.04%, real estate, which accounted for 8.59%, transportation, which accounted for 8.28%, while the consumer goods and services recorded 3.76%, and finally Insurance sector with 2.12%.
The banks sector also led trading volume during September2017, accounting for 30.97% of the total trading volume, followed by the industrials, with 27.32%, the telecoms sector, with 22.78%, the real estate, with 11.80%, the transportation, with 4.89%, the consumer goods and services sector, with 1.44%, and finally the insurance, with 0.81%.
Over September, 29 shares fell, led by Qatar Insurance with 20.7%, while 15 stocks rose, topped by Investment Holding with 12.6%, and one company remained unchanged.
Translated by: Mohammad Shokhba
