DOHA: Qatari stocks fell last week with the main index of Qatar Exchange (QE) dropping 333.04 points to 13,443.16 points yesterday, the last day of trading in the week. The drop was 2.42 percent.
The trading value, however, rose 11.59 percent to QR4.86bn as compared to QR4.35bn the previous week, QE data show.
The trading volume, though, slid by a huge 21.71 percent to 80.6 million shares (80,612,848 shares, to be exact) as against 102,971,015 the week before.
The number of transactions also fell, although by a marginal 3.12 percent, to 40,604 as compared to 41,910 the previous week.
The market capitalization fell, too, albeit by a slight 1.47 percent to QR719.42bn as compared to QR 730.2bn the previous week.
Banks and financial services counters led the trading value last week, accounting for 48.43 percent of the total, while industrial stocks accounted for 24.34 percent. Real estate shares accounted for 14.73 percent, while telecoms stocks accounted for 4.55 percent of the total.
The real estate sector led in terms of trading volume during the week , accounting for 34.99 percent of the total, followed by the banks and financial services sector, which accounted for 33.32 percent. Industries accounted for 12.39 percent and telecoms accounted for 8.40 percent
Banks and financial services topped in terms of the number of transactions in the week accounting for 38.5 percent of the total. Industries accounted for 24.49 percent. Real estate accounted for 19.55 percent, and consumer goods and services sector accounted for 5.92 percent.
Of the 43 listed companies 13 ended higher in the week while 30 fell. Qatar National Bank topped in terms of the trading value with a share of 17.37 percent in the total, Industries Qatar accounted for16.45 percent and Masraf Al Rayan accounted for 8.25 percent.
The index fall was a high 428 points (3.09 percent) in a single trading day on Thursday with the market capitalization losing a massive QR17bn to QR719.42bn from QR736.42bn the previous day (Wednesday).