DOHA: Qatar Exchange (QE) benchmark index slipped on a combination of lower oil prices and lower-than-expected corporate earnings in the past seek. The index lost 111.14 points, or 0.88 percent, to close at 12,496.46 points.
Market capitalisation fell by 0.61 percent to QR677bn from the previous week’s QR681bn.
Gulf International, QIB and Qatar Electricity and Water lost the most during the week. Gulf International tumbled 8.40 percent. QIB fell 3.20 percent and Qatar Electricity and Water plunged 6 percent. 17 companies of the 43 listed companies ended this week higher, while 24 fell and 2 companies remained unchanged.
Trading value decreased by 33.13 percent to QR2.6bn, from QR3.9bn. Trading volume fell by 52.53 percent to over 63 million shares. Total number of transactions fell by 28.76 percent, to 28,704 transactions as compared to the previous week’s 40,292 transactions.
The Banks and Financial Services sector led trading value during, accounting for 29.88 percent of the total trading value, followed by Industrials, real estate and consumer goods and services sector. The Real Estate sector led trading volume, accounting for 23.62 percent of the total volume, followed by telecoms sector (20.20 percent), banks and financial services (20.11 percent) and industrials sector (15.4 percent).
The Industrials sector led trading number, accounting for 25.52 percent of the total number of transactions, followed by banks and financial services sector (23.81 percent), real estate (18.87 percent) and telecoms (13.22 percent).
Yestereday, the bourse closed 0.52 percent down QE all-share index also fell marginally by 0.18 percent to end at 3250.59 points and QE Al Rayan Islamic index retreated by 0.39 percent to 4396.41 points. The traded value yesterday decreased to QR 464m, with a volume of more than 10 million shares. Insurance sector added 0.71 percent and consumer goods and services sector edged 0.34 percent up. The Peninsula
