Doha: Qatar Exchange (QE) index dropped 100.57 points, 0.85 percent, last week when trading closed at 11,771.83 points yesterday.
The trading value of QR3.71bn is a decrease by 10.47 percent compared to QR4.14bn at the end of the previous week.
The trading volume of 71.16 million shares is a decrease of 20.14 percent compared to 89.11 million shares, while the 42,660 transactions is an increase by 30.41 percent compared to 32,713 transactions in the previous week.
The market capitalisation of QR683.47bn is an increase of 9.55 percent compared to QR629.14bn at the end of previous week.
Industries led the traded value last week with 44.59 percent of the total. Banks and financial services accounted for 25.21 percent. Consumer goods and services accounted for 9.14 percent and real estate accounted for 7.70 percent.
Industries led the traded volume last week with 31.01 percent of the total. Banks and financial services accounted for 21.33 percent. Real estate accounted for 16.38 percent, and telecoms accounted for 11.67 percent.
Industries topped the transactions with 57.92 percent of the total. Banks and financial services accounted for 16.67 percent. Consumer goods and services accounted for 8.41 percent, and real estate accounted for 6.53 percent.
From the 43 listed companies, 15 ended last week higher, 26 fell and two remained unchanged.
From these companies, Mesaieed Petrochemical Holding Company (MPHC) led the traded value with 25.47 percent of the total traded value. Industries Qatar accounted for 11.12 percent followed by Commercial Bank which accounted for 7.45 percent.
However, MPHC, Qatar’s first IPO since 2010, fell by its daily limit of 10 percent on the second day of trading.
Further selling is expected, with analysts warning Mesaieed’s first-day surge had valued the stock nearly three times higher than what they considered fair.
On yesterday’s trade, QE ended in the red area when trading closed at 11,771.83 points, 0.57 percent, or 67.63 points, down from the previous closing of 11,839.46 points.
Among the top losers were Qatar Islamic Bank whose share down 1.56 percent to QR75.70, Qatar Insurance lost 3.56 percent to QR65.10, Electricity and Water fell 1.36 percent to QR174.00 and Vodafone Qatar down by 0.66 percent to QR12.12.
Elesewhere in the region, Egypt’s bourse rallied yesterday, while other markets were mixed. Egypt’s index rose 1.6 percent to 8,127 points.
Dubai’s index gained 0.5 percent. Banks in Abu Dhabi were the main drag as the UAE capital’s index fell 0.5 percent after failing to consolidate above 5,000 points. In Saudi Arabia, the index rose 0.5 percent to 9,107 points.
QNA & Reuters