By: Eman Ghali
Mubasher: The Qatar Stock Exchange (QSE) closed the week ended 24 May up for the second week in a row with capital gains of QAR 501.19 billion.
The general index of the QSE increased 1.78%, or 158.03 points, to close the week at 9,049.19 points.
Market capitalisation jumped 1.96% to QAR 501.19 billion over the week, compared to QAR 491.56 billion in the week ended 17 May.
The QSE’s liquidity rose 7.15% to QAR 1.72 billion from QAR 1.61 billion in the previous week, while the market’s trading volume increased 10.19% to 47.98 million shares versus 43.54 million last week.
On a weekly basis, transactions grew 4.05% to 21,560 against 20,720.
The transportation sector topped the QSE’s gainers adding 4.78%, followed by the banking and goods sectors, which advanced 2.95% and 2.06%, respectively.
Similarly, the real estate sector went up 1.41%, followed by the industrial sector with 0.31%.
On the negative side, the insurance sector topped the bourse’s decliners falling 1.64%, followed by the telecommunications sector, which retreated 0.97%.
Over the course of the week, 29 stock levelled up, spearheaded by Mesaieed Petrochemical Holding’s stock which added 10.7, while 15 stock posted a drop, topped by Islamic Holding Group which lost 6.5%.
Translated by: Kholoud Mohamed Hussein
