QSE sees highest weekly growth in 5M

Mubasher: The Qatar Stock Exchange (QSE) closed the week, ended 14 December, at highest growth pace in five months, achieving QAR 27.8 billion ($7.6 billion) in capital gains.

The general index increased 5.64%, or 438.35 points, to 8,211.94 points.

Market capitalisation jumped 6.5% to QAR 453.4 billion over the week, compared to QAR 425.6 billion in the week ended 7 December.

The QSE’s liquidity rose 9.27% to QAR 1.23 billion from QAR 1.13 billion the week before, while the market’s trading volume levelled up 60.84 million shares this week from 58.51 million shares last week.

On a weekly basis, transactions tumbled 5.78% to 20,070, against 21,290.

The banking sector topped gainers in terms of the market's trading value with 33.9%, followed by the industrial, real estate and transportation sectors which recorded 17.9%, 16.1% and 10.7%, respectively.

The real estate sector spearheaded the QSE's trading volume this week with 25.3%, meanwhile the banking, industrials, and telecommunication sectors made up 22.1%, 19.6% and 17.5%, respectively.

Qatar National Bank (QNB) acquired 10.7% of the trading value, while Masraf Al Rayan and Industries Qatar accounted for 9.01% and 6.65%, respectively.

During the week, 37 stocks grew, topped by Ezdan Holding Group which added 23.78%. On the other hand, six other stocks dropped led by the cinema after shedding 7.96%.

 

Mubasher Contribution Time: 14-Dec-2017 15:56 (GMT)
Mubasher Last Update Time: 16-Dec-2017 17:38 (GMT)