DOHA: Qatar Exchange (QE) snapped its four-day bear run yesterday gaining 71.31 points or 0.75 percent to close at 9,619.04 yesterday. The volume of the shares traded fell to 11 million from Wednesday’s 19 million and the value of shares decreased to QR400m from QR770m.
All the sector indices ended in green with the transportation, consumer goods & services and real estate gaining the most. Transportation sector advanced to 4.76 percent as the consumer goods rose 1.90 percent. Real estate gained 1.18 percent, while the banking and financial services index added 0.13 percent and industries edged 0.34 percent.
Among the top gainers were Masraf Al Rayan, Vodafone Qatar and Islamic Insurance. Masraf Al Rayan was up 1.76 percent to QR28.90. Vodafone Qatar gained 0.89 percent to QR9.02 and Islamic Insurance gained 2.32 percent to QR57.40.
QE’s monthly trading data showed the index dropping 85.94 points or 0.89 percent in August 2013, as compared to July 2013.
Trading value during August increased by 22.02 percent to reach QR6.5bn compared to QR5.35bn during July. Trading volume increased by 27.69 percent to reach 155 million shares, as against 122 million shares, while the number of transactions rose by 18.90 percent, to reach 78,758 as compared to 66,237 during July.
The banking and financial services sector led trading value during August, accounting for 32.87 percent of the total, followed by industrial sector, which accounted for 22.35 percent. The transportation sector accounted for 14.28 percent.
Market capitalisation fell by 1.35 percent at the end of August to reach QR526bn as compared to QR533bn at the end of July.
The top five stocks performed in terms of traded value are Industries Qatar, QNB, Qatar Navigation, Qatar Gas Transport and Masraf Al Rayan.
The banking and financial services sector led the trading volume during August accounting for 29.67 percent of the total, followed by the real estate, which accounted for 21.28 percent. The transportation accounted for 19.07 percent while the industrial sector accounted for 12.39 percent.
In August total trading days were 18 against 23 trading days in the previous month. Seventeen of the 42 listed companies ended the month higher, while 25 fell.
Last week, the benchmark index tumbled 490.46 points or 4.85 percent to close at 9,619.04 points. Trading value increased this week by 29.86 percent to reach QR2.35bn compared to QR1.8bn posted in the previous week. Trading volume increased by 16.38 percent to reach 56 million shares, as against 48 million, while the number of transactions rose by 25.15 percent to reach 27,429 as compared to 21,917 the previous week.
The week saw a 4.36 percent drop in the market capitalization that reached QR526bn as compared to the previous week’s QR550bn. The banking and financial services sector led trading value last week, accounting for 31.91 percent of the total, followed by industrial sector and the transportation sector.
The trading volume was also led by the banking and financial services, accounting for 27.24 percent of the total. The banking and financial services sector which again led the trading number of transactions accounted for 29.76 percent of the total, followed by the industrial sector, which accounted for 18.60 percent.
Of the 42 companies listed, just three ended higher last week, while 39 fell. Industries Qatar led trading value last week, accounting for 17.48 percent of the total, followed by QNB, which accounted for 9.57 percent. The Peninsula