By: Eslam Salem
Doha – Mubasher: The Qatar Stock Exchange (QSE) closed the third week in January in red, as the main index fell 6.54% or 601.11 points to 8,584.01 points.
Al Rayan Islamic Index and the All Shares Index slipped 8.96% and 6.59% to 3,039.03 and 2,287.29 points respectively.
Turnover rose by 60.34% to QAR 1.52 billion from QAR 1.15 billion last week, trading volume also increased 77.44% to 49.49 million shares, versus 27.89 million shares exchanged last week.
The number of transactions soared 54.49% to 27,050, versus about 17,510 deals executed last week.
The market value dipped 6.43% or QAR 31.52 billion to QAR 458.41 billion, against QAR 489.93 billion a week ago.
The real estate was the worst performing sector as it declined 11.90%, while telecom was the only riser by 1.99%.
Out of 43 companies, four shares ended the week in green, 30 others moved down and the one remaining was flat.
QNB led the week’s trading with a stake of 12.41% of the total trading value, following by Gulf International and Al Rayan Bank by 9.28% and 8.69% respectively.
The main index dropped last week by 5.96% or 582.10 points to 9,185.12 points.
Translated by: Elwy el-Manzalawy
