Doha – Mubasher: The benchmark index of the Qatar Stock Exchange (QSE) commenced Sunday’s trading session in the red, pressured by leading stocks.
The index fell 0.85% or 85.76 points, reaching 9,974.76 points by 10:15 am Qatar time.
Ezdan dropped 4.95%, while Industries Qatar and Al Rayan lost 0.1% and 0.79%, respectively. The combined weight of the three stocks represents a third of the benchmark index.
In the meantime, a total of five sectors were down, led by real estate with 3.41%, pressured by Mazaya and Barwa Real Estate, which shed 0.33% and 0.15%, respectively.
The telecom sector retreated 1.35% after Ooredoo and Vodafone Qatar declined 1.43% and 0.9%, respectively, while the insurance sector decreased 0.77%, weighed down by Qatar Insurance’s 0.99% fall.
The banking sector levelled down 0.3%, dragged by six of its stocks, led by Qatar National Bank (QNB), which slid 5.8%, and Islamic Holding Group, which fell 3.21%. The transport sector slipped 0.25%.
On the positive side, the industrial and consumer goods sectors rose 0.25% and 0.13%, respectively.
Turnover reached QAR 16.96 million after 782,520 shares were traded through 389 transactions.
