Doha – Mubasher: The Qatari bourse managed to reverse the negative performance that lasted for 13 consecutive days, as the main index closed Sunday with a rise of 0.28% or 29 points to the level of 10,860.28 points, amid mixed performance by its sectors.
QE Al Rayan Islamic Index, however, ended Sunday’s trading with a fall of 0.01% after reaching the level of 4,067.77 points. Meanwhile, the All Shares Index moved higher by 0.15% to 2,896.62 points.
Trading volume came to about 5.41 million shares exchanged through executing 3383 trades, making a trading value of QAR 215.20 million ($59.004 million).
“The rise in transportation, insurance, services and telecommunications sectors drove the main index to close in green,” Ayoub Eshban, financial analyst and economic advisor told Mubasher.
“Today’s support levels stood at 10800 and 10850 points, while the resistance levels were 10900, 10950 and 11000 points,” he explained.
Eshban expected negative performance to continue in the Qatari bourse in the upcoming sessions to target the support level of 10.850.50.
QSE sectors’ performance was mixed, as advancers were headed by insurance with a 2.52% increase, while the industrial was the lowest with 0.44% decrease.
Sunday’s trading saw 39 companies, of which 15 ended the session higher, 22 others moved down, and the two remaining were flat.
Qatar Insurance was the highest share after rising by 4.43%, while Qatari German Medical Devices, however, was on top of the red list with a fall of 3.16%.
Nakilat topped both the trading value and trading volume activities, with a liquidity of more than QAR 31 million and 1.27 million shares traded respectively.
QSE main index closed Thursday with a drop of 0.21%.
