QE market cap rises to QR602.98bn

February 14, 2014 - 3:12:40 am

Doha: Qatar Exchange index gained 323.29 points (2.89 percent) last week when the bourse closed yesterday at 11,515.50 points. Trading value during last week increased by 20.25 percent to reach QR2.77bn compared to QR2.3bn in the previous week. 

Trading volume increased by 25.69 percent to reach 70.45 million shares, as against 56.05 million shares, while the number of transactions rose by 16.39 percent, to reach 26,351 last week as compared to 22,641 transactions. 

The market capitalisation rose by 2.73 percent to reach QR602.98bn as compared to QR586.93bn at the end of previous week. Banking and financial services sector led the traded value last week with 40.95 percent of the total. 

Industries sector accounted for 17.95 percent while consumer goods and services sector accounted for 12.65 percent and real estate sector 11.79 percent.

Banking and Financial Services sector led the traded volume last week with 29.92 percent. 

Telecoms sector accounted for 27.01 percent. Real Estate sector accounted for 19.31 percent and consumer goods and services sector accounted 9.53 percent.

Banking and financial services sector led traded number of transactions last week with 37.4 percent of the total number of transactions.

Industrials sector accounted for 20.38 percent. Consumer goods and services sector accounted for 13.23 percent and real estate sector accounted for 10.44 percent. From the 42 listed companies 24 ended last week higher, while 15 fell and three remained unchanged. 

Masraf Al Rayan led traded value last week and accounted for 12.93 percent of the total. The Commercial Bank accounted for 9.30 percent and Vodafone Qatar accounted for 8.17 percent. 

Meanwhile, Qatar Exchange continued its upswing trend yesterday by adding 62.53 points (0.55 percent) to advance to 11,515.50 points from 11,452.97 on Wednesday. The volume of the shares traded up to 19,991,909 from 17,710,211 on Wednesday and the value of shares decreased to QR761,831,902.29 from QR792,313,124.11 Wednesday. 

Among the top gainers were Qatar Islamic Bank which was up 2.02 percent to QR81, Industries Qatar gained 1.24 percent to QR179.20, International Islamic added 1.93 percent to QR73.90 and Vodafone Qatar was up by 2.91 percent to QR12.36. The banking and financial sector index added 0.77 points, while consumer goods and services sector index was up 0.17 points. The industrial sector rose 0.82 points while insurance sector gained 0.20 points.

Stock markets in the United Arab Emirates recovered from a brief bout of profit-taking yesterday. Dubai’s bourse rose 1.3 percent after dipping into negative territory in early trade as investors took profits in contractor Drake and Scull and other stocks.

Abu Dhabi’s bourse also recovered from an early dip to end 0.5 percent higher as banks rallied, although developer Aldar shed another 1.5 percent after disappointing investors with its proposed dividend on Wednesday. 

QNA & Reuters

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