DOHA: Qatar Exchange (QE) recorded a solid growth during the second quarter of 2014. All major indicators including the general index, market value, total number of deals, total trading volume rose during Q2 of 2014.
Total volume of shares traded during the second quarter increased to 1.69bn shares, higher by 192 percent as compared to the total traded volume of during the second quarter of 2013, Al Shall economic report noted yesterday.
The daily average of traded shares during Q2 of 2104 crossed 26m compared to 9m shares during the same period in 2013. Total number of deals reached 724,036 for the Q2 of 2014 against 266,325 a year ago.
The value of traded shares for the Q2 of 14 amounted to QR69bn against QR20bn in Q2 of 2013. The daily average traded value was QR1.07bn in Q2 of 2014. The highest traded volume by sector was for the consumer services, followed by the industrial sector, banks and financial sector and telecoms.
Market capitalisation of the 43 listed companies rose to QR632bn, an increase of 23.73 percent compared to Q2 of 2013.
The bourse gained 560.12 points or 4.74 percent during the past week, largely on the support of banking stocks. Market cap rose by 5.04 percent to reach QR676bn at the end of previous week. The Banks and Financial Services sector led trading value during the week, accounting for 39.48 percent of the total trading value. The trading volume was led by the real estate sector.
Al Rayan, QNB, Vodafone Qatar, Ezdan and Barwa Real Estate were the top five leading companies in terms of value traded during the week. Of the total 43 companies listed, 36 ended higher, while 7 fell.
All the sector indices ended in green, with the banking and real estate stocks gaining most. The banking sector surged 6.7 percent and real estate notched up 5.54 percent. Industrial rose 2.98 percent and transportation edged 2.79 percent up.