Real estate, bank stocks drag down QSE early Wednesday

Mubasher: The Qatar Stock Exchange (QSE) started Wednesday trading session in red territory, pressured by the fall of the banking and real estate sectors.

By 10:00 am Qatar time, the general index inched down 0.03% to 10,352.76 points, losing 2.91 points.

Turnover amounted to QAR 8.7 million after 583,700 shares traded through 306 transactions.

The banking sector topped the QSE’s decliners falling 0.39% as the heavyweight Qatar National Bank (QNB) retreated 0.76%, while the real estate sector inched down 0.08% on the back of Barwa Real Estate’s 0.33% drop.

On the other hand, the transportation sector headed the bourse’s four gainers adding 0.37% as Qatar Gas Transport (Nakilat) rose 0.72%.

Similarly, the industrial sector went up 0.36% as Qatari Investors Holding levelled up 3.18%.

Qatar First Bank’s (QFB) stock, which advanced 0.92%, led the QSE in terms of trading volume with 448,900 shares, generating QAR 1.9 million in liquidity. 

Mubasher Contribution Time: 28-Nov-2018 07:18 (GMT)
Mubasher Last Update Time: 28-Nov-2018 07:21 (GMT)