QE jumps 444.98 points as banks and industrial stocks rally
September 10, 2013 - 2:52:54 pm
DOHA: Strong gains by the industrial and banking sectors propelled Qatar Exchange index 444.98 points or 4.86 percent to close trading at 9,596.26 points Tuesday from the previous closing at 9,151.28 points.
The volume of the traded shares jumped to 19,635,242 from 6,125,579 on Monday and the value of shares was up to QR 690,882,529.94 from QR 260,211,717.81.
Top gainer from the banking sector was Qatar National Bank which was substantially up by 6.14 percent to QR 169.40.
Closed QR 159.6 Monday from 242 trades with a volume of 224,758 shares.
Next to gain Tuesday was Doha Bank, up by 4.31 percent to QR 53.20 from 207 trades with a volume of 311,853 shares.
Qatar Islamic Bank was up 2.87 percent to QR 68.0 from the previous closing at QR 66.10.
Industries Qatar gained 6.00 percent to QR153.70, United Development Company gained 9.33 percent to QR21.57 and Masraf Al Rayan up by 4.69 percent to QR29.00.
The QE All Share Banking and Financial Services index jumped 4.77 percent to 2,355.66 points.
The QE All Share Consumer Goods and Services index was up 3.06 percent to 5,783.86 points.
The QE All Share Industrial sector index was up 4.67 percent to 3,057.76 points and the QE All Share Insurance sector index was up 2.13 percent to 2,227.45 points.
The QE All Share Real Estate index was up by 5.66 percent to 1,726.39.
The QE All Share Telecom sector index was up 4.47 percent to 1,421.33 points, while the QE All Share Transportation sector index was up by 4.55 percent to 1,771.91 points. (QNA)