DOHA: Qatar bourse ended on a positive note as the market closed yesterday for week-long Eid Al Adha holidays. The benchmark index edged 0.53 percent or 72 points to finish at 13,830 points on banking support.
The Qatar Exchange (QE) on Wednesday announced that the bourse will be closed for five working days on account of Eid Al Adha, starting Sunday, October 5. As the two-day trading week ended yesterday, the QE index lost 0.32 percent, compared to the previous week. However, trading value during the past week increased by 1.08 percent to reach QR2.7bn. But trading volume decreased by 2.16 percent from the previous week.
Banking sector appreciated the most yesterday. QNB jumped 1.91 percent, while QIB and Commercial Bank edged 1.42 percent and 1.40 percent respectively. Real estate sector shed 0.68 percent, main weighed down by Ezdan Goup. The stock, which was included in the index Wednesday, slid 1.15 percent yesterday. UDC gained 0.35 percent, while Barwa ended flat.
Vodafone, which announced it signed an agreement with Information Communication Technology Holdings (ICTH) ahead of acquiring Qatar National Broadband Network (Qnbn) added 1.18 percent as Ooredoo gained 0.30 percent. Industries Qatar gained 0.53 percent, while Qatar Electricity and water appreciated by 1.12 percent.
The weekly data released by the QE shows market capitalisation rose by 0.49 percent to reach QR742bn at the end of the past week, as compared to QR739bn of the previous week.
The banking and financial services sector led trading value during the week, accounting for 37.84 percent of the total, followed by real estate sector, industrial sector and telecoms sector.
The real estate sector led trading volume during the week, accounting for 56.19 percent of the total traded volume. The real estate sector also led trading numbers during the week.
Ezdan Holding Group, QNB and Industries Qatar were the top gainers of the week. Of the 43 listed companies 15 ended higher during the past week, while 27 fell and one remained unchanged.
The Peninsula
