Doha – Mubasher: Qatar Stock Exchange’s (QSE) main index scored a positive outcome this week amid a rise by most of its sectors, as the benchmark index closed the third week in November with a 0.28% increase or 29.85 points, reaching 10,860.09 points.
QE Al Rayan Islamic Index and the All Shares Index also rose by 0.51% to 4,088.82points and 0.10% to 2,895.09 points, respectively.
The total trading value moved 10.31% up to QAR 1.53 billion, compared with QAR 1.39 billion reached last week.
Meanwhile, the total trading volume jumped 15.15% up to 37.25 million shares traded, against about 32.35 million shares exchanged last week.
The number of transactions plummeted by 21.4% to about 15,480, while last week it reached more than 19,710 contracts were closed.
The market value leapt this week by 0.03% to QAR 570.54 billion, compared with about QAR 570.36 billion reached last week, with gains of QAR 18 million.
“The support levels were 10,950, 11,000 and 11,250 points, while the resistance levels were 10,800, 10,650 and 10,500 points,” Ahmed Aql, financial analyst and economic advisor, explained to Mubasher.
“Liquidity is the most important factor in the upcoming period, and its return is a significant for the market to keep rising,” he added.
Telecom led the winning sectors with a rise of 3.39%, followed by transportation with a 1.44% increase, while the insurance sector topped the losers with a fall of 1.99%
Forty-one companies contributed in the week’s trading; 22 of them ended up, 18 dropped, and the three remaining stayed at the same rates.
Al Rayan share led the week’s trading with 28.9% of the total trading value, followed by Qatar Gas Transport Limited with 10.51%, and Qatar National Bank with 8.63%.
The main index dropped last week by 5.32% or 608.97 points to 10,830.33 points.
