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DOHA: The banking and financial services sector lifted the trading value of shares on Qatar Exchange by 55.66 percent during the month of January 2013. The trading value of Qatari bourse rose to QR4.61bn, almost double, compared to QR2.96bn in December 2012.
The value of the banking and financial services accounted for 49.74 percent of the total trading in January, followed by the industrial sector (23.17 percent) and .the consumer goods and services (9.41 percent).
Index gains 4.38pc
The benchmark index gained 365.83 points or 4.38 percent during January compared to December. QE’s market capitalisation rose by 3.37 percent in January reaching QR475bn compared to previous month’s QR459bn.
QNB, Industries Qatar, Doha Bank, Commercialbank and Masraf Al Rayyan were mainly instrumental in triggering QE’s trading value. QNB trade value soared to 15.04 percent in January. The trade values of Industries Qatar and Doha Bank rose to 14.95 percent and 8.34 percent respectively. The value of Commercialbank rose 7.74 percent and the Masraf Al Rayan increased by 5.45 percent.
Trading volume increased 48.86 percent to reach 90.73 million shares as against 60.95 million shares, while the number of transactions rose by 47.77 percent to reach 64,943 as compared to 43,950 in December.
The banking and financial services sector led trading volume during the month, accounting for 45.79 percent of the total, followed by the industrial sector (14.83 percent).
The transportation sector’s trade volume stood 10.92 percent, while the real estate and telecom sectors trading volume accounted for 10.21 percent and 8.24 percent respectively.
The consumer goods and services sector’s trade volume accounted for 8.07 percent. Trading days in January were 22 days, against 21 trading days in December. Of the 42 companies listed on the bourse, 25 ended higher in January, while 17 fell.
Last week, the index gained 35.01 points or 0.40 percent to close at 8,724.77 points.
Trading value decreased by 5.84 percent to reach QR1.05bn last week compared to QR1.12bn during the previous week. Trading volume increased by 0.99 percent to reach 20.52 million shares as against 20.31 million, while the number of transactions fell by 4.10 percent to reach 13,927 last week as compared to 14,523 during previous week.
Market capitalisation fell by 0.03 percent to reach QR475.36bn as compared to QR475.52bn at the end of previous week. The banking and financial services sector led trading value last week, accounting for 44.76 percent of the total, followed by industrials sector (26.19 percent).
The trading volume was also led by the banking and financial services sector, accounting for 41.08 percent, followed by the industrial sector, which accounted for 16.71 percent.
Of the 42 listed companies, 24 ended higher last week, while 16 fell and two remained unchanged. The QE was down 3.06 points or 0.04 percent to 8,724.77 points yesterday from the previous closing of 8,727.83 points.