DOHA: Qatar Stock Exchange index gained 453.08 points, or 3.87 percent, during April compared to March when it closed at 12,164.48 points yesterday driven by rise in oil prices and better results by companies. On the daily basis the index dropped 0.68 percent, or 83.87 points, yesterday. However, the index gained 114.63 points, or 0.95 percent, in the week.
Ahemd Akil, financial analyst told news portal Mubasher that Qatar Exchange index has risen due to gradual rise in the oil prices and geopolitical stability in the region. The first quarter results have been good which has propelled the market, he added.
The traded value of QR8.362bn registered in April is an increase by 2.78 percent compared to QR8.136bn during March. The market capitalisation of QR653.76bn in April is an increase by 3.21 percent compared to QR633.45bn at the end of March.
The traded volume of 199.9m shares is an increase by 16.72 percent compared to 171,264,743 shares in March.
The 108,714 transactions in April are an increase by 0.75 percent compared to 107,902 transactions registered in March.
Industries topped the traded value in April with 28.73 percent of the total traded value. Followed by banks and financial services which accounted for 26.14 percent; real estate (22.84 percent), consumer goods and services (9.27 percent), telecoms (7.56 percent), transport (3.83 percent), and insurance (1.63 percent).
Real estate topped the traded volume in April with 33.93 percent of the total traded volume. Banks and financial services came next with 20.62 percent followed by industries (15.58 percent), telecoms (13.82 percent), consumer goods and services (11.28 percent), transport (3.56 percent), and insurance (1.21 percent).
April saw 22 trading days same as in March.
From the 43 listed companies, 32 companies ended April higher, while 11 fell.
Gulf International Services topped the value of shares traded during April with 15.33 percent of the total value. Barwa Real Estate came next with 13.25 percent, Industries Qatar 6.73 percent and Qatar National Bank 6.60 percent.
Trading value during the week increased by 41.51 percent to reach QR2.4bn compared to QR1.7bn. Trading volume increased by 29.97 percent to reach 55.6m shares, as against 42.8m shares, while the number of transactions rose by 16.39 percent, to reach 28,228 transactions as compared to 24,253 transactions.
The Peninsula
