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Doha: Qatar Exchange index gained 21.82 points (0.25pc) this week when trading closed yesterday at 8,605.60 points.
The trading value this week decreased by 34.64pc to reach QR987,550,045.63 compared to QR1,510,887,409.14. Trading volume decreased by 38.52pc to reach 21,923,038 shares, as against 35,657,208 shares, while the number of transactions fell by 9.98pc, to reach 14,500 transactions as compared to 16,108 transactions.
The market capitalisation rose by 0.11pc to reach QR 469,838,030,588.62 as compared to QR469,331,533,197.06 at the end of previous week.
Banks and Financial Services sector led trading value this week with 30.98pc of the total traded value. Industries sector accounted for 27.23pc, Consumer Goods and Services sector accounted for 16.03pc and Transportation sector accounted for 11.60pc.
Banks and Financial Services sector led traded volume this week with 30.66pc of the total traded volume. Transportation sector accounted for 24.34pc. The Real Estate sector accounting for 15.61pc and Industrials sector accounted for 11.34pc.
Banks and Financial Services sector led trading number of transactions this week accounted for 34.01pc of the total number of transactions. Industries sector accounted for 19.14pc. The Consumer Goods and Services sector accounted for 14.83pc and Transportation sector accounted for 13.20pc.
From the 42 listed companies 17 ended this week higher while 22 fell and three unchanged.
Industries Qatar led traded value this week with 20.34pc of the total traded value. Qatar Fuel accounted for 11.13pc and Commercial Bank accounted for 9.37pc.
Qatar’s benchmark advanced 0.3 percent, trading within a narrow range since hitting a two-month low in late February. Large-caps gained, with Industries Qatar up 0.9 percent.
Shares in Doha Bank dipped 1.3 percent, declining for a third session since Monday’s four-week high. Its recent rally was driven by unconfirmed talk that the bank might postpone plans to raise capital through an issue of global depositary receipts.
“Doha Bank is an interesting story because the delay/cancellation of its GDRs will translate to a better return on equity,” said Adou. QNA/Reuters