Qatar Exchange ends Q1 in losses

Mubasher: The Qatar Exchange (QE) declined in March, for the third month in a row, despite a surge in traded volumes and an increase in market capital by QAR 9.32 billion.

The general index decreased by 0.92% or 79.33 points in March and closed at 8,573.99 points.

The market capital rose by 2.02% and reached QAR 470.52 billion.

Three sectors losses pressed the main index, with transportation, insurance, and telecom dropping 4.01%, 2.37%, and 0.79%, respectively.

On the other hand, four sectors ended the week in gains with real estate leading by adding 7.86%, followed by industry, goods, and banks with 6.50%, 3.82%, and 2.26%, respectively.

March saw 30 stocks declining, led by Doha Bank that lost 17.4%, while 15 stocks rose with ZAD jumping by 29.5%.

Traded values increased during the month by 64.1% to QAR 6.4 billion, with volumes reaching 260.5 million shares, growing by 57.8%, through nearly 89,200 transactions, with a 33.3% month-on-month increase.

Mubasher Contribution Time: 30-Mar-2018 15:41 (GMT)
Mubasher Last Update Time: 30-Mar-2018 15:41 (GMT)