Doha: Qatar Stock Exchange (QSE) index dropped slightly by 5.06 points, or 0.04 percent, when the bourse closed trading at 11,982.65 points yesterday.
Indices of three sectors made gains while four declined. The market capitalisation decreased to QR642.87bn from QR643.85 bn registered last Thursday. The traded value fell to QR306.20m with a volume of 9,002,006 shares from 3,848 transactions compared to QR454.53m with a volume of 13,461,091 shares from 5,979 transactions last Thursday.
Telecoms index gained 1.58 percent, while insurance gained 1.36 percent and consumer goods and services gained 0.57 percent. Banks and financial services index dropped 0.42 percent, while industries index dropped 0.16 percent and transport dropped 0.14 percent and real estate dropped 0.13 percent. From the 43 listed companies on QSE, shares of 41 saw trading. From these 20 advanced, 19 went down, and two remained unchanged.
Meanwhile, most Gulf stock markets were narrowly mixed yesterday, influenced by a mixed set of earnings and corporate news, though Dubai rose on the back of real estate-related stocks.
Brent crude oil rose 2.3 percent on Friday and posted a 5.3 percent weekly gain on lowered expectations that an agreement on Iran’s nuclear programme would result in a rapid return of more Iranian oil to the market. QNA/Reuters
