Qatari bourse loses QAR 46bn in January

Doha – Mubasher: Qatar Stock Exchange (QSE) main index fell by as much as 9.09% in January, compared with its level at the end of December, 2015.

The index lost 948 points to close at 9,481.3 points, down from 10,429.3 points.

The QE All Share Index dropped by 9.26% to end at 2,519.72 points, while Rayan Islamic Index declined by 12.55% to 3,371.86 points.

Market capitalisation fell by 8.3% in January to QAR 507.13 billion ($139.22 billion), compared with QAR 553.17 billion ($151.86 billion) at the end of December.

The traded value declined by 13.8% month-on-month to QAR 5.05 billion ($1.39 billion), from QAR 5.86 billion ($1.61 billion). Meanwhile, the traded volume increased by 3.8% to 149.71 million shares from 144.17 million shares.

Gulf International was the most active stock with a traded value reaching QAR 659.07 million.

Out of the 43 companies traded this month, decliners outnumbered advancers by 37 to 5, while one company remained unchanged.

Ooredoo stock was the top riser, with a jump of 5.73%, while Dlala led decliners with a fall of 30.5%.

Six sectors moved lower in January, led by services (-12.5%), while telecommunication tailed the list with a decline of 0.19%. Insurance was the sole gainer with a rise of 0.61%.

 

Mubasher Contribution Time: 31-Jan-2016 13:19 (GMT)