DOHA: Qatar Exchange index rose by a high 5.46 percent in November 2013, recording its second largest gain this year after April when the index peaked 6.46 percent. Market capitalisation rose to QR555bn in November as compared to QR533bn in October.
Driven by local buying interests, the benchmark index gained a substantial 537.57 points to cross the 10,000 mark at the end of the month.
Trading value increased by 83.17 percent to reach QR8.659bn compared to QR4.727bn in October 2013. Trading volume increased by 130.67 percent to cross 256 million shares against 111 million shares in the previous month. The number of transactions rose by 129.56 percent to reach 120,824 against 52,632 transactions in October.
The gains were mainly driven by Banks and Financial Services, Industrials and Real Estate sectors. Industries Qatar, Barwa Real estate, Qatari Investors Group, UDC and Masraf Al Rayan were the top gainers of the month.
The Banks and Financial Services sector led trading value in November, accounting for 29.47 percent of the total trading value, followed by Industrials sector, which accounted for 24.01 percent. While the real estate sector accounted for 21.18 percent, the consumer goods and services sector recorded 10.04 percent.
The Real Estate sector led the trading volume representing 31.86 percent of the total traded volume, followed by Banks and Financial Services sector, which accounted for 22.65 percent. The telecom sector accounted for 17.46 percent, while the Industrials sector and the Consumer Goods and Services sector accounted for 12.49 percent and 7.89 percent respectively during the 19 trading days of the month compared to 18 days in the previous month.
33 companies of the 42 listed companies ended the month higher, while eight fell and 1 remain unchanged.
The Peninsula
