Qatari market turns to green at close

Doha – Mubasher: The Qatar Stock Exchange (QSE) closed Thursday’s session in the green zone after an early fall, backed by the real estate and banking sectors.

The main index rose 0.07% or 7.74 points to the level of 10,386.44 points, Al Rayan Islamic Index stood at 3,877.79 points and the All Share Index advanced 0.06% to 2,809.65 points.

Trading volume rose 24.2% to 9.35 million shares, compared to 7.53 million shares exchanged on Wednesday. Turnover also increased 7.1% to QAR 303.87 million ($83.44 million) from QAR 283.7 million ($77.90 million).

The real estate was the best performing sector as it grew 0.52%, followed by banking with a rise of 0.13%.

Meanwhile, the consumer goods and services dropped 0.4%, followed by transportation (-0.22%), insurance (-0.19%), industrial (-0.15%) and telecom (-0.02%).

Qatar for Cinema and Film Distribution was the strongest player after advancing 9.96%, while Mesaieed Petrochemical Holding topped losers by falling 3.39%.

Mesaieed yesterday decided to pay cash dividends at 7% of capital or QAR 0.70 a share.

Gulf International made the biggest trading volume with 1.22 million shares, and Islamic Holding was the most active in terms value with liquidity of QAR 47 million ($12.90 million).

The main index dropped yesterday by 0.38% to 10,378.7 points.

Translated by: Elwy el-Manzalawy  

Mubasher Contribution Time: 10-Mar-2016 10:54 (GMT)