QE index nears 14,000 points; market cap up

September 05, 2014 - 1:15:56 am

DOHA: Qatari stocks were up last week with the main benchmark index of the bourse gaining more than 542 points over the five trading days to close at 13,986. The increase was 4.4 in percentage terms.

But trading value decreased by 28.99 percent in the week to over QR3.45bn as compared to QR4.86bn. Trading volume also decreased, by 14.94 percent, to 68,567,539 shares, as against 80,612,848 the previous week. The number of transactions fell too, by 20.90 percent, to 32,119 as compared to 40,604 in the week before.

But the market capitalisation rose by 3.22 percent to QR742.61bn as compared to QR719.42bn the previous week. 

The banking and financial services sector led trading value last week, accounting for 49.75 percent of the total, followed by the industrial sector, which accounted for 17.47 percent. The real estate sector ranked third, accounting for 14.56 percent, and finally followed by the telecoms sector, which accounted for 7.17 percent. 

The banking and financial services sector also led in terms of trading volume last week, accounting for 35.37 percent of the total, followed by the real estate sector, which accounted for 31.36 percent. The telecoms sector ranked third, accounting for 11.14 percent followed by the industrial sector, which accounted for 8.95 percent. 

The banking and financial services sector led in terms of transactions last week, accounting for 40.53 percent of the total followed by the industrial sector, which accounted for 22.64 percent. The real estate sector ranked third, accounting for 17.92 percent followed by the telecoms sector, which accounted for 7.09 percent. 

Some 31 of the 43 listed companies ended higher, while eight fell and four remained unchanged. 

Qatar National Bank led in terms of trading value last week accounting for 13.25 percent of the total. Masraf Al Rayan accounted for 10.53 percent. Industries Qatar accounted for 8.32 percent. 

Yesterday, the last day of trading in the week, the stocks were up with the main index of the Qatar Exchange (QE) gaining more than one percent, or 147.58 points, to inch closer to the historic level of 14,000, remaining barely 14 points short of it at 13,985.98. The market cap of the exchange was at all-time high of $203.92bn (QR742.61bn).

THE PENINSULA

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