By Eslam Salem
Qatar – Mubasher: Qatar Stock Exchange (QSE) showed a negative performance this week, as sectors were down collectively, ending 6.35% or 662.14 points lower at 9,767.22 points.
Rayan Islamic Index fell by 7.02% to 3,585.21 points, while All Share Index shed 6.13% to 2,606.45 points.
The weekly traded value declined by 23.8% to QAR 717.38 million from QAR 940.84 million last week. The traded volume also fell by 22.6% to 18.54 million shares from 23.97 million shares.
Market capitalisation lost 6% or QAR 33 billion to QAR 520.41 billion, from QAR 553.18 billion.
The real estate sector was the biggest drag (-8.09%), followed by banks (-6.43%), while telecoms tailed the list (-2.11%).
Gulf International stock was the top active with 15.45% of total traded value, followed by Masraf Al Rayan (10.32%) and QNB (6.85%).
Ahmed Aaq, financial analyst, said traders are advised to reposition especially for portfolios and to select stocks with strong activity.
