DOHA: Qatar Exchange (QE) benchmark index edged 1.02 percent up in the past week to close at 13,729 points. Transportation and real estate sectors were the main support.
The industrial stock Gulf International, which was included in the MSCI’s emerging market index early in the week, added 0.24 percent during the week. Of the four stocks, which received increased weight by the MSCI, two ended flat, and two advanced. Commercial Bank and Doha Bank, those received increased weighting in the rebalancing, ended flat. While QNB and Industries Qatar, the other two gained added weight in the rebalancing act, advanced 3.16 percent and 0.36 percent respectively.
Trading value during the week increased by 35.51 percent to reach QR3.98bn compared to the previous week’s QR2.93bn. Trading volume increased by 10.45 percent to reach 66 million shares , while number of transactions rose by 33.88 percent to 40,576 .
Market capitalisation rose by 1.17 percent to reach QR742bn at the end of previous week.
The banks and financial services sector led trading value during the past week accounting for 28.25 percent of the total trading value, followed by real estate sector and the industrials. Barwa real estate led trading value during the week, accounting for 16.22 percent of the total value, followed by QNB (10.72 percent) and Gulf International services (9.57 percent)
Thursday, the benchmark index edged 0.05 percent up. Banking and financial services; consumer goods and services; and Industrials sector declined.
The Peninsula
