QE drops 29.16 points this week

December 14, 2012 - 7:07:19 am

DOHA: The Qatar Exchange (QE) index travelled on a negative note this week, dropping 29.16 points or 0.35 percent to close at 8,331.14 points.

Trading value during the week increased by 21.64 percent to reach QR736m compared to QR605.5m in the previous week. Trading volume increased by 12.86 percent to reach 13,615,496 shares, as against 12,063,863 shares, as the number of transactions rose by 8.03 percent to reach 10,768 compared to 9968 transactions during the last week.

Market capitalisation rose by 0.07 percent to reach QR457bn this week compared to QR456.8bn at the end of the previous week.

In terms of trading value by sector, the Banks and Financial Services sector led trading value accounting for 34.95 percent followed by Industrial sector-32.85 percent. The Consumer Goods and Services sector ranked third-16.89 percent.

The Banks and Financial Services sector also led the trading number of transactions during the week. Of the total number of transactions, the sector accounted for 30.15 percent, followed by Industrials-26.50 percent. The Consumer Goods and Services sector ranked third, accounting for 21.03 percent followed by the Telecoms sector-8.17 percent.

Of the 42 listed companies 17 ended high this week, while 23 fell and 2 remain unchanged. The Industries Qatar led trading value accounting for 22.93 percent, followed by QNB and Qatar for Meat & Livestock.

Yesterday, the index was down 14.88 points or 0.18 percent to 8,331.14 points from the previous closing of 8,345.97 points. 

The volume of shares traded up to 2,988,371 from 2,704,562 Wednesday, and the value of shares increased to QR180,118,769.21 from QR152,873,661.90.

Among the top losers were Mannai Corporation, General Insurance, Qatar Meat and Commercial Bank. Mannai Corporation’s shares dropped 7.40 percent to QR85.00. General Insurance lost 6.25 percent to QR48.00. While Qatar Meat slipped 3.06 percent to QR60.50 Commercial Bank fell 2.37 percent to QR70.10. The Banking and Financial sector was up 1.81 points while the Insurance sector lost 26.69 points. The Peninsula