DOHA: Qatari stocks showed marginal gains last week as the country’s main index inched up 14.04 points (0.14 percent) to 10,389.10.
The trading value (of over QR1.58bn), though, declined over the previous week by a considerable 30.79 percent (QR2.3bn). Trading volumes (of over 55.70 million shares) also took a substantial beating, falling by 30.74 percent compared to 80.42 million shares the previous week.
The number of deals that were concluded on the bourse (Qatar Exchange) also dipped, to 22,628 from the previous week’s total of 31,836 — a decline of a huge 29 percent.
Market capitalisation fell by 0.19 percent to QR553.97bn from QR555.02bn the week before.
The banking and financial services sector led in terms of the trading value with a 29.7 percent share in the total. The industrial counter accounted for 14.97 percent of the total. Real estate stocks had a share of 14.94 percent while the telecoms sector accounted for 13.20 percent in the total.
The telecoms sector led in terms of trading volumes with a 29.69 percent share in the total. The real estate sector accounted for 21.36 percent, the banking and financial services sector (18.02 percent) and the transportation sector (13 percent).
The banking and financial services sector led in terms of the number of deals with a share of 29.25 percent of the total. The industrial stocks accounted for 16.25 percent. Real estate shares accounted for 15.21 percent and the telecoms sector had a share of 13.32 percent.
Among the 42 listed companies, 22 ended higher last week while 18 fell and two were unchanged. Vodafone Qatar led the trading value with an 11.93 percent share of the total. Masraf Al Rayan accounted for 9.54 percent share.
Yesterday, the Qatar Exchange ended in the green when trading closed at 10,389.10 points from the previous closing of 10,336.50 on Wednesday.
The Peninsula
