Qatar Exchange index remains flat

August 21, 2014 - 12:00:00 am

 

Doha: Qatar Exchange index remained unchanged yesterday closing fractionally higher at 13,682.57 points compared to the previous day’s 13,682.04.

The trading value reached QR867.70m with a volume of 21,709,187 shares changing hands from 7,606 transactions. From the 43 listed companies 20 advanced yesterday, 17 went down and six remained unchanged.

Among the gainers yesterday, Mazaya Qatar share saw a significant change, up 7.14 percent to close at QR24.90 from Tuesday’s QR23.24. The real estate company’s share saw a volume of 8,747,209 share move from 1,618 transactions.

In terms of percentage change Qatar Cinema too gained a lot, up 9.74 percent to close at QR50.70 from QR46.20.

Among losers, telecom operator Vodafone Qatar dropped 2.08 percent to QR21.20 from QR21.65.  Widam Food Company dropped QR1.10 when it closed at QR61.80 while Al Meera dropped QR2.80, closing at QR 188.90.

Meanwhile, banks led Saudi Arabia’s stock index to a new six-year peak as trading volumes increased yesterday, while Egypt also extended gains. But other Gulf markets were subdued as a summer lull deepened.

The Saudi measure rose 0.5 percent to 10,716 points, its highest finish since January 2008. Nearly 270 million shares changed hands, a two-week high: Saudi Arabia has not suffered the summer trading slump of neighbouring bourses.

Egypt’s index rose 0.5 percent to 9,437 points. That put it within a few points of Sunday’s six-year closing high, but also 60 points below the session peak as some traders booked profits.

Dubai’s and Abu Dhabi’s benchmarks rose just 0.1 and 0.03 percent respectively.

Only three stocks — Union Properties and Arabtec in Dubai, and Aldar Properties in Abu Dhabi saw more than 10 million shares change hands. The Dubai pair ended flat, while Aldar fell 1.0 percent.

In Oman, the index rose 0.3 percent despite losers outnumbering gainers nine to seven.

Renaissance Services was the main support, surging 7.2 percent to an 11-week high after the company said its unit Topaz Energy and Marine had secured a $75 million investment from Standard Chartered Private Equity.

Agencies

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