By Eslam Salem
Qatar – Mubasher: Qatar Stock Exchange (QSE) delivered bearish performance this week, as main sectors collectively moved lower.
The main index fell by as much as 4.43% or 464.46 points to close at 10,014.82 points.
Rayan Islamic Index shed 5.15% to reach 3,694.44 points, while All Share Index dropped by 4.27% to 2,670.67 points.
The weekly traded value fell by 42.6% to QAR 1.44 billion, down from QAR 2.51 billion last week. The traded volume also declined by 47% to 33.94 million shares from 64 million shares. The number of executed transactions fell by 22% to 20,180 from 25,850.
The market capitalisation declined by 3.97% or QAR 22 billion to QAR 528.78 billion, compared with QAR 550.62 billion last week.
During the week, the main gauge fell below the 9,800 mark, but did not shut below the 10,000 level in any session, said Ahmed Aql, financial analyst and economic advisor. He defined resistance levels at 10,100 points, then 10,350 points and 10,400 points, as well as support levels at 10,000 points, then 9,800 points and 9,650 points.
The market’s liquidity rose remarkably during the week, then declined on Thursday, according to the analyst.
Aql also noted that global news, especially as regards oil prices, will continue to steer the trend in global stock markets.
QSE’s sectors were collectively in red, led by real estate (-7.96%), then insurance (-6.91%), while transport tailed the list (-1.95%).
Out of the 43 companies traded this week, 3 moved up, 38 moved down and 3 others remained unchanged.
Masraf Al Rayan was the top active with turnover representing 15.77% of the market’s total liquidity. It was followed by QNB and Gulf International with 14.34% and 10.58% respectively.
Translated by Sayed Abdel Rahman
