QE trading volume jumps

February 09, 2013 - 1:01:45 am

DOHA: Qatari stocks improved marginally in the week that ended yesterday with the main benchmark index of the bourse gaining a marginal 32.82 points, or 0.38 percent, to 8757.59 points.

Liquidity measures showed mixed results with the trading value dipping 4.28 percent to QR1.01bn, from QR1.05bn the previous week, but trading volume improved 47.26 percent to 30.21 million shares, from 20.5 million the previous week.

The number of transactions concluded on the bourse (Qatar Exchange) surged 14.94 percent to 16,007, as against the previous week’s figure of 13,927. Market capitalisation rose 0.07 percent to QR475.71bn compared to QR475.36 at the end of the previous week.

The heavyweight banking and financial services sector led trading value, accounting for 32.27 percent of the total, followed by the industrial counters that had a 22.67 percent share in the total. The real estate sector ranked third, with a share of 14.99 percent. 

But the latter (real estate sector) led trading volume during the week, with a 30.16 percent share in the total, followed by the banking and financial services counters whose share in the total was 26.17 percent. The transportation counters accounted for 16.67 percent of the total.

The lending and financial services counters led as far as the number of transactions concluded on the bourse last week was concerned, with a 29.74 percent share in the total.

The industrial sector ended second, with a 20.02 percent share in the total. The real estate sector ranked third, accounting for 18 percent, followed by the transportation sector (13.11 percent).

Of the 42 listed companies, 16 ended higher, while 24 fell and two remained unchanged. In terns of individual listed entities, the Gulf International Services led the trading value, accounting for 10.03 percent of the total, followed by fundamentally formidable Industries Qatar (8.74 percent,) and Qatar Telecom (8.01 percent).

Yesterday, the QE’s main index shed 11.61 points, or 0.13 percent, to 8,757.59 points from the previous close of 8,727.83 points. The volume of shares traded fell to 6.9 million, from 7.3 million the previous day.

The trading value also took a beating and dipped QR201.7m, from QR241.6m on Thursday. Major losers included National Leasing, whose share dropped 1.13 percent to QR39.30, Al Kaleej Takaful, which lost 1.10 percent to QR44.80, United Development Company (UDC) that fell 1.66 percent to QR17.80 and General Insurance that was down 3.19 percent to QR44.00. 

The banking and financial services sector lost 0.50 points, while the insurance counters dropped 0.98 points. The industrial sector rose 0.07 points while the services sector fell 0.57 points.

The Peninsula

 
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