QE market cap edges up to QR475.52bn

January 25, 2013 - 5:35:29 am

DOHA: Qatar’s main index showed marginal gains in the week that ended yesterday. The benchmark index rose 68.03 points, or 0.79 percent, to 8,689.76 at the close of trading yesterday, with the trading value over the week rising 13.13 percent to over QR1.12bn.

Trading volumes increased, too — 4.16 percent — in the week to a little over 19.5m shares. The number of transactions concluded on Qatar Exchange rose slightly, from 14, 408 in the previous week to 14,523. Market capitalisation showed some gains too, rising 0.57 percent, to QR475.52bn, from QR472.81bn the previous week.

The banking and financial services sector led the trading value last week accounting for 59.58 percent of the total. The industries counters’ share was 12.63 percent followed by the consumer goods and services sector (11.27 percent). The Telecoms sector accounted for 5.81 percent.

The lending and financial services counters led in terms of trading volumes as well with a share of 56.96 percent in the total.

The telecoms sector trailed with a share of 8.41 percent followed by the Transportation sector (8.31 percent) and the Industrial sector (8.01 percent). The banking and financial services sector led in terms of the number of transactions, too, last week accounting for 50.8 percent of the total.

The Consumer Goods and Services sector accounted for 12.58 percent, while the Industrials sector accounted for 12.29 percent, and the Transportation counters had a share of 8.46 percent. Some 18 of the 42 listed companies ended higher last week while 22 fell and two remained unchanged. 

QNB led in terms of trading value in the week with a 15.08 percent share in the total. Doha Bank accounted for 13.82 percent and Commercial Bank (9.9 percent).

The Peninsula