Mubasher: The Qatar Stock Exchange’s (QSE) general index grew 76.28 points, or 0.73%, at the end of Wednesday’s session to close at 10,535.13 points.
The QSE’s liquidity surged QAR 1.13 on Wednesday, against QAR 301.21 million in the previous session, while trading volume fell 14.67 million shares from 17.78 million on Tuesday.
The goods sector topped five risers, adding 1.93%, backed by the growth of Qatar Fuel and Widam Food Co. with 3.59% and 0.42%, respectively.
Qatar’s council of ministers approved a draft law to grant Qatar Fuel Company (Woqod) a five-year concession starting from 18 June 2018 to commercialise, sell, transport and distribute gas and petroleum products.
The industrials sector soared 0.71%, supported by the rise of eight stocks. Investment Holding Group jumped 2.96%.
Meanwhile, the banking sector surged 0.48% after the heavyweight Qatar National Bank (QNB) added 0.51%, while Doha Bank led fallers after tumbling 3.14%.
On the other hand, the telecommunications sector headed the tumblers with 0.67% as Ooredoo’s stock dipped 1.21%.
The real estate sector fell 0.24%, following the retreat of three stocks topped by Ezdan Holding Group’s with 0.86%, while the United Development Co.’s stock soared 3.72%.
QNB’s stock topped the QSE in terms of turnover with QAR 49.43 million, while Qatar Aluminium Manufacturing’s stock, up 0.30%, registered highest trading volume with 2.13 million shares
