Qatari stocks lose 226 points at close

Doha – Mubasher: The Qatar Stock Exchange (QSE) closed in red for the third session in a row as the main index closed Tuesday with a fall of 2.2% or 225.59 points to 10,008.77 points.

Al Rayan Islamic Index ticked 2.31% lower to 3,904.73 points, and the All Share Index shrank 1.86% to 2,790.33 points.

Trading volume rose 31.46% to 10.28 million shares from 7.82 million shares exchanged yesterday. Turnover also increased 19.49% to QAR 372.2 million ($102.22 million) from QAR 311.5 million ($85.55 million).

The banking sector fell 1.52% as Masraf Al Rayan and Qatar National Bank (QNB) declined 3.54% and 1.07% respectively

The consumer goods and services also dropped 2.04%, hit by Widam Food and Qatar Fuel (Woqod) as they nudged down 2.08% and 2.67% respectively.

The industrial sector decreased 2.61% as Industries Qatar and Mesaieed Petrochemical Holding retreated 4.3% and 3.49% respectively.

The real estate sector shrank 3.35% due to a fall of 4.1% in Barwa Real Estate and 2.27$% in Mazaya Qatar.

On the other hand, the insurance sector rose alone by 0.86%.

National Leasing Holding (Alijarah) was the worst performing share after losing 4.61%, while Qatar General Insurance and Reinsurance was the best by adding 5.95%.

Masraf Al Rayan was the largest-traded stock with a volume of 1.79 million shares, while Qatari Investors Group made the highest liquidity with QAR 61.07 million ($16.77 million)

The bourse’s main index fell yesterday by 0.17% or 17.61 points to 10,234.36 points.

Translated by: Elwy el-Manzalawy 

Mubasher Contribution Time: 05-Apr-2016 10:57 (GMT)