Qatari stocks fall 0.38% at close

Doha – Mubasher: The Qatar Stock Exchange (QSE) closed Wednesday in the red zone, affected by a fall in five sectors.

The main index slid 0.38% or 39.53 points to the level of 10,378.7 points, Al Rayan Islamic Index lost 0.33% to 3,877.65 points, and the All Share Index slipped 0.24% to 2,808.06 points.

Trading volume decreased 38% to 7.53 million shares from 12.13 million shares exchanged yesterday.

Turnover also fell 37.7% to QAR 283.7 million ($77.90 million), versus QAR 455.93 million ($125.20 million) on Tuesday.

The consumer goods and services was the worst performing sector as it dropped 0.74%, followed by the real estate (-0.55%), banking (-0.32%), transportation (-0.27%) and industrial (-0.05%).

On the other hand, the insurance and telecom sectors rose 0.42% and 0.3% respectively.

United Development topped losers with a decline of 7.47%, while Islamic Holding was the best performer after adding 3.25%.

Gulf International recorded the biggest trading activity with a volume of 1.25 million shares that were worth QAR 47.06 million ($12.92 million). The stock shrank 0.65%.

The main gauge rose yesterday by 0.48% to the level of 10,418.23 points.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 09-Mar-2016 11:12 (GMT)