By Eslam Salem
Qatar – Mubasher: Qatar Stock Exchange (QSE) rose on Wednesday, backed by gains made by 26 stocks.
All sectors were in green, driving the market higher to offset the losses it saw last week and early this week.
The main index advanced by 0.74% or 72.23 points to 9,862.03 points. Rayan Islamic Index also rose by 1.41% to 3,631.77 points, while QE All Share Index ended 0.76% higher at 2,631.5 points.
Today’s traded volume amounted to 7.04 million shares, exchanged in 3,844 transactions at turnover reaching QAR 2.28 billion.
The benchmark index ended today’s session with a rise above the 9,850 points to steady at 9,862 points, said Ayoub Ishban, financial analyst, adding that support levels stood at 9,800 points and 9,850 points while resistance stood at 9,900 points, then 9,950 points and 10,000 points.
The services sector was the biggest gainer, with a jump of 1.85%, followed by real estate (+1.18%).
Out of the 44 stocks traded today, advancers outnumbered decliners by 26 to 9, while 9 others remained unchanged.
Al Meera stock was the best performer, with a jump of 7%, while Islamic Holding was the biggest drag with a fall of 2.58%.
Masraf Al Rayan was the top active in terms of traded volume, after around 1.8 million shares were exchanged. Meanwhile, Industries Qatar was the most active with liquidity reaching QAR 65 million.
Translated by Sayed Abdel Rahman
