Doha-Mubasher: The Qatar Stock Exchange (QSE) closed the second week in January in red, with turnover slipping as much as QAR 30 billion.
Meanwhile, he main index fell 5.96% or 582.10 points to the level of 9,185.12 points. Al Rayan Islamic Index also slipped 6.89% to 3,338.13 points, and the All Shares Index slid 6.05% to 2,448.78 points.
Turnover surged by 60.34% to QAR 1.15 billion from QAR 717.38 million last week. The number of traded shares also increased 50.41% to 27.89 million shares, versus about 18.54 shares exchanged last week.
The number of transactions jumped by 30.14% to 17,510 compared to 13,450 last week.
The market value fell by 5.86% or QAR 30.48 billion to QAR 489.93 billion, versus QAE 520.41 billion a week ago.
QSE’s sectors dived collectively, topped by services and banking which plummeted 10.27% and 6.68% respectively, while insurance was 2.56% lower, the slightest decline.
Out of 43 stocks, three were up, and the other others declined.
QNB led week’s trading, accounting for 17.21% of the total trading value, followed by Gulf International at 16.02% and Industries Qatar at 7.86%.
The main index closed last week at the level of 9,767.22 points after falling 6.35% or 662.14 points.
