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DOHA: Qatar Exchange index gained 77.56 points or 0.91 percent to close at 8,583.78 points this week. Trading value increased by 45.32 percent to reach QR1.51bn compared to QR1.03bn.
The volume increased by 77.67 percent to cross 35.65m shares, as against more than 20.06m shares during the previous week. The number of transactions rose by 35.49 percent to reach 16,108 transactions as compared to the last week’s 11,889 transactions.
Market capitalisation rose by 0.63 percent to reach QR469.331bn compared to QR466.379bn at the end of the previous week.
A total of 19 companies of the 42 listed companies ended this week higher, while 22 fell and one company remain unchanged. Qatar General Insurance & Reinsurance, Qatar Gas and Transport (Nakilat), Qatar Investors Group, Qatar Electricity and Water Company; and Islamic Holding Group were the top gainers of the week.
The Industries Qatar (IQ) led trading value during the week, accounting for 30.45 percent of the total value, followed by Barwa Real Estate, which accounted for 15.38 percent. The Qatar Gas Transport ranked third, accounting for 7.74 percent.
The Industrial sector led trading value during this week accounting for 36.95 percent of the total trading value, followed by Banks and Financial Services sector, which accounted for 24.68 percent. The Real Estate sector ranked third, accounting for 17.48 percent.
The real estate sector led trading volume, accounting for 32.15 percent of the total volume, followed by Banks and Financial Services sector, which accounted for 23.17 percent. The transportation sector accounted for 20.67 percent. It was followed by the Industrials sector.
The Banks and Financial Services sector led trading number of transactions during the week. The sector accounted for 30.49 percent of the total number of transactions. It was followed by the Real Estate sector, which did 20.52 percent. The Industrials sector ranked third accounting for 18.16 percent. The transportation sector accounted for 15.24 percent of the total number of transactions in the week.
On Thursday, the bourse added 50.46 points or 0.59 percent to advance to 8,583.78 points from 8,533.32 on Wednesday. The volume of the shares traded rose to over 6 million. But the value of shares decreased to over QR200bn from Wednesday’s QR278.6bn.
Among the top gainers were Industries Qatar which was up 0.75 percent to QR175.10, International Islamic Bank rose 1.16 percent to QR52.50, Qatar Electricity and Water Company gained 3.35 percent to QR139.00 and Al khalij Commercial Bank up by 2.23 percent to QR16.50. The Banking and Financial sector index lost 0.04 points while Consumer Goods and Services sector index added 0.24 points. The industrial sector gained 0.97 points while insurance sector rose 0.26 points.