Doha: Qatar Stock Exchange (QSE) index dropped 195.74 points, or 1.65 percent, yesterday when it closed at 11,657.27 points. The market capitalisation decreased to QR613.83bn from QR623.78bn registered on Thursday.
The daily turnover decreased to QR265m with a volume of 6,781,604 shares from 4,197 transactions compared with QR668m with a volume of 14,947,703 shares from 7,444 transactions on Thursday.
Indices of all sectors ended in the red, barring telecoms which gained 0.23 percent when it closed the day at 1,014.04 points.
Banks and financial services index dropped the most with 2.11 percent fall to 3,154.92 points.
Elsewhere in the region, most Gulf stock markets fell, tracking oil prices, while Egypt rose after the country’s oil minister, a successful reformer, was asked to form a new government.
The Cairo index climbed 0.6 percent with most stocks positive after President Abdel Fattah al-Sisi on Saturday asked Oil Minister Sherif Ismail to name a new cabinet.
Saudi Arabia’s main index had risen initially on news that index compiler FTSE added the country to its watch list for potential inclusion in the emerging markets category. But it gave up all gains later in the day and closed 0.7 percent lower.
Dubai’s index fell 1.5 percent as most stocks fell. Abu Dhabi’s bourse edged up 0.3 percent, supported by Etisalat. QNA/Reuters
