Qatari bourse index gains 8.02pc in May

May 30, 2014 - 1:01:46 pm

Doha: Qatari stock market ended the month on a positive note as Qatar Exchange index gained 1,016.60 points, or 8.02 percent, in May when the bourse closed the month at 13,694.19 points yesterday, compared to April 2014.

The benchmark index gained 686.03 points, or 5.27 percent, last week. The index, yesterday, jumped 275.92 points, or 2.06 percent, to close at an all-time high of 13,694.19 points from 13,418.27 on Wednesday.

The trading value of QR25.8bn in May is a decline by 0.71 percent compared to QR25.95bn during April 2014. The month of May saw trading activity over 21 days compared to 22 in April. The trading volume of 562 million shares is a decrease by 23.27 percent compared to 732 million shares last month. The 239,688 transactions in May is a drop by 15.96 percent compared to April’s 285,218 transactions.

Banks and financial services led the traded value in May with 34.32 percent of the total traded value. Industries accounted for 19 percent. Real estate accounted for 18.20 percent and telecoms accounted for 13.05 percent, while consumer goods and services accounted for 9.21 percent. Transport, accounted for 4.76 percent and insurance accounted for 1.46 percent. The market capitalisation of QR736.8bn at the end of May is an increase by 0.67 percent compared to QR731.9bn at the end of April.

Real estate sector led traded volume in May accounting for 27.91 percent of the total. Banks and financial services accounted for 25.51 percent. Telecoms accounted for 20.66 percent and industries accounted for 11.61 percent, while transport accounted for 7.40 percent. Consumer goods and services accounted for 5.59 percent and insurance accounted for 1.32 percent. From the 43 listed companies 27 ended in May higher, while 16 fell.

The trading value of QR10.5bn last week is an increase by 125.95 percent compared to QR4.6bn at the end of the previous week. The trading volume of 195 million shares is an increase by 85.74 percent compared to 105 million shares, while the 76,199 transactions is an increase by 56.58 percent compared to 48,664 transactions.

The market capitalisation QR736.8bn is a rise of 1.69 percent, compared to QR724bn at the end of the previous week. Banks and financial services led the traded value last week with 44.11 percent of the total. Industries accounted for 16.59 percent. Telecoms accounted for 16.33 percent, and real estate sector accounted for 14.91 percent.

Banks and financial services led the traded volume with 33.8 percent of the total. Telecoms accounted for 25.20 percent. Real estate accounted for 24.34 percent, and industries accounted for 9.61 percent.

Banks and financial services topped the number of transactions last week with 34.86 percent of the total number of transactions. Industries accounted for 19.31 percent. Real estate accounted for 18.68 percent, and telecoms accounted for 15.13 percent.

Among the top gainers were Commercial Bank of Qatar which was up 4.36 percent to QR71.80, Qatar Islamic Bank gained 7.18 percent to QR109.00, Qatar Insurance added 4.23 percent to QR78.90 and Electricity and Water up by 4.51 percent to QR203.80.The Peninsula

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