QE the best performing Arab bourse in post-financial crisis era
January 16, 2014 - 12:06:52 pm
DOHA:Qatari bourse posted strongest recovery after the Lehman collapse and the consequent global financial crisis. At the close of 2013, Qatar Exchange (QE) posted strongest recovery since March 2009 among Arab stock markets.
During the period, the QE recorded a rise in the benchmark index of 139.39 percent, followed by the Dubai Financial Market with an increase of 117.59 percent. Saudi stock exchange (Tadawul) rose 93.35 percent, the Egyptian Exchange recorded 85.96 percent increase, the Abu Dhabi Securities Market rose 75.25 percent and Kuwait Stock Exchange increased by 18 12 percent. QE revealed yesterday.
For the same period, QE Total Return index, which includes dividends, increased by 206.94 percent and QE Al Rayyan Islamic Index which also includes dividends increased by 267.97 percent.
During the year 2013, Qatari bourse’s main benchmark QE Index rose by 24.17 percent, while the QE Al Rayyan Islamic Index rose by 22 percent. Trading activities on the QE witnessed a rise in market capitalization, traded value and number of transactions executed compared to a slight decline in the number of shares traded.
The market capitalization of shares traded in the market reached at the end of the year 2013 QR555.6bn against QR459.8bn in year 2012 , recording an increase of 21 percent. The total value of shares traded during 2013 recorded an increase of 6 percent to reach QR 74.8bn versus QR 70.6bn during the 2012.
The number of transactions executed during the year reached crossed 961 million transactions compared to 881 million during the year 2012, recording an increase of 9 percent. The number of shares traded has dropped by 20 percent by the end of 2013 compared to the figures of 2012.
Qatar Exchange has ranked fifth among the best performing Arab Stock markets during the year 2013, recording an increase of 24.17 percent, while the Dubai Financial Market was ranked first with an increase of 107.69 percent. The Abu Dhabi Securities came Second with an increase of 63.08 percent.