Doha – Mubasher: The Qatar Stock Exchange’s (QSE) main index closed the third week in December in red, as it declined 1.02% or about 102 points to 9,912.92 points.
Al Rayan Islamic Index also decreased 1.03% to 3,656.28 points, and the All Shares Index went down 0.89% to 2,646.89 points.
The total trading value reached QAR 1.29 billion, with a drop of 10.46% compared to QAR 1.44 billion last week.
Likewise, trading volume also fell by 7.07% to about 31.54 million traded shares, versus around 33.94 million shares exchanged last week.
The number of contracts declined 6.60% to about 18,850 contracts, versus about 20,180 contracts executed last week.
The market value decreased, as well, by about 0.70% to QAR 525.09 billion compared to QAR 528.78 billion last week.
“Resistance levels ranged this week between 10,950 and 11,150 points, while the support levels were 10,800, 10,750 and 10,500 points,” financial analyst Ahmed Aql told Mubasher.
QSE’s sectors slipped semi-collectively, topped by telecom with a fall of 3.17%, followed by banking which went 1.43% lower, while consumer goods and services led the gainers with 0.78%.
Out of 44 shares exchanged this week, 13 shares moved higher, 29 others closed down and the two remaining stayed at the same rates.
Masraf Al Rayan’s turnover was the highest, accounting for 22.31% of the total value. The second big gainer was Qatar Industries as it jumped 11.72%, followed by Gulf International Services with 10.05%.
QSE’s benchmark index closed last week at the level of 10,014.82 points after declining 4.43% or about 464.46 points.
