QE market cap rises to QR559.48bn

December 13, 2013 - 8:13:09 am
DOHA: Qatari stocks marginally gained last week with the main index of the bourse looking up 97.13 points, or 0.93 percent, to 10,486.23 yesterday which was the last trading day of the week.

The trading value, totalling a little over QR2bn, was up 27.24 percent over the previous week’s total of QR1.58bn. Trading volumes, of over 63 million shares, represented an increase of 13.38 percent over the previous week’s total of 55.7 million.

In all, 25,891 transactions were concluded on the bourse (Qatar Exchange) in the week, showing an increase of 14.42 percent. The previous week’s total was 22,628.

The market capitalisation of QR559.48bn was also up, albeit marginally (by 0.99 percent), over the previous week’s tally of QR553.97bn.

Banking and financial services stocks led the trading value with a 32.99 percent share in the total.

Real estate shares accounted for 20.38 percent. Industrial counters, on the other hand, had a share of 19.62 percent in the total, while the telecom sector accounted for 13.76 percent.

Telecom stocks led the trading volumes in the past week with a share of 35.52 in the total. Real Estate shares accounted for 26.01 percent.  The banking and financial services counters accounted for 20.25 percent while industrial stocks had a share of 6.74 percent in the total.

Banking and financial services stocks dominated the transactions with a 29.21 percent share in the total. The industrial sector trailed with a 20.22 percent share. The real estate counters accounted for 19.86 percent, while telecom stocks ended at the bottom of the list, accounting for 16.24 percent share in the total.

Out of the 42 listed companies, 24 ended higher last week, 15 fell while three remained unchanged. Barwa Real Estate led the trading value with a 14.59 percent share in the total. Vodafone Qatar contributed 12.84 percent to the total while industrial stocks accounted for 11.11 percent.

Yesterday, the index gained 29.11 points (0.28 percent).

The Peninsula

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