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DOHA: Selling pressures dragged Qatari bourse down in February 2013, as the index lost 196.19 points or 2.25 percent during the month compared to the previous month. Yesterday, the last day of trading in February, the index closed at 8528.58 points.
Market capitalization fell by 1.49 percent at the end of February 2013 to reach QR466bn compared to QR475bn in January. Trading days during February were 19, against 22 trading days in January. Of the 42 listed companies, 23 fell during the month, while 18 ended higher as one remain unchanged.
Trading value during February increased by 12.47 percent to reach QR5.186bn compared to January’s QR4.6bn. Trading volume increased by 37.39 percent to reach over 124m shares, as against 90.7m shares, while the number of transactions rose by 0.91 percent to reach 65,533 transactions as compared to 64,943 transactions during January.
The Banks and Financial Services sector led trading value during February 2013, accounting for 34.74 percent of the total trading value, followed by Industrials sector, which accounted for 30.17 percent.
The trading value of Consumer Goods and Services sector stood 10.07 percent during the month. The Real Estate sector accounted for 9.92 percent. While the value of Transportation sector accounted for 7.21 percent, the Telecoms sector‘s value stood 5.75 percent followed by the Insurance sector, which accounted for 2.15 percent.
Industries Qatar, Gulf International Services, The Commercial Bank, Doha Bank and QNB were the top five companies whose share value rose during the month of February. The total value of Industries Qatar rose to 18.01 percent during the month.
The Banks and Financial Services sector led trading volume during February 2013, accounting for 32.55 percent of the total trading volume, followed by Real Estate sector, which accounted for 22.76 percent. The Industrials sector accounted for 15.16 percent. The Transportation sector and Consumer Goods & Services sector accounted for 15.16 percent and 5.33 percent respectively.
The index lost 2.36 percent or 205.98 points this week to close at 8,528.58 points Trading value during the final week of February decreased by 6.05 percent to reach QR1.38bn compared to QR1.47bn during the previous week. Trading volume decreased by 17.94 percent , while the number of transactions rose by 0.32 percent during the week.
The last week of February saw QE’s market capitalization falling by 1.58 percent to reach QR466bn as compared to QR473bn at the end of previous week. The Banks and Financial Services sector led trading value during the week, accounting for 38.24 percent. The Trading volume during the week was also led by the Banks and Financial Services sector, accounting for 41.25 percent of the total volume. A total of 27 companies fell this week, as 13 ended higher.
Yesterday, the bourse gained 0.44 percent or 37.02 points to close at 8,528.58. The volume of the shares traded fell to 4,694,338 from Wednesday’s 5,444,388 and the value of shares decreased to QR215m from QR233m. Qatar National Bank, Commercial Bank of Qatar, Industries Qatar and Doha Bank were among the top gainers.