DOHA: The Qatari bourse gained 26.57 points (or 0.31 percent) last month over August 2012 as trading closed at 8,510.21 points on September 30.
The trading value of QR 7.37bn over 21 trading days in September was down 43.38 percent as compared to the figure of QR13.09bn in August. The total was from 19 days of trading (in August).
Out of the 42 listed companies 22 ended higher last month while 20 fell. The trading volume of 265,724,559 shares in September was down 52.86 percent compared to 563,674,132 shares in August.
Transactions totalled 70,952 in September, showing an increase 19.18 percent compared to 59,534 transactions registered in August.
Real estate led the trading value in September accounting for 51.73 percent of the total. Banks and financial services accounted for 21.65 percent. Consumer goods and services accounted for 11.00 percent. Industries accounted for 7.91 percent. Telecommunications accounted for 3.85 percent. Transportation accounted for 2.96 percent and insurance accounted for 0.89 percent.
The market capitalisation at the end of September had reached QR468,216,202,211.73, an increase by 0.13 percent as compared to QR467,589,510,322.32 at the end of August.
Real estate led the traded volume in September with 66.87 percent of the total traded volume. Banks and financial services accounted for 13.42 percent. Consumer goods and services accounted for 7.12 percent. Telecommunications accounted for 4.72 percent. Industries accounted for 4.23 percent, transportation accounted for 3.16 percnet and insurance accounted for 0.49 percent.
The maximum trading value in day was QR1,143,242,805.57 from 3,495 trades registered on September 3. The minimum trading value in day was QR126,356,217.67 from 2,350 trades registered on September 25.
The exchange pursued its upswing trend yesterday, adding 12.47 points (or 0.15 percent) to advance to 8,522.68 points from 8,510.21 on Sunday.
The volume of the shares traded fell to 3,752,386 from 4,765,343 on Sunday and the value of shares decreased to QR123,463,513.61 from QR164,250,419.38 Sunday.
Among the top gainers were Industries Qatar which was up 0.92 percent to QR142.00, Barwa Real Estate rose 0.51 percent to QR29.65, Islamic Insurance gained 1.77 percent to QR57.50 and Al Kaleej Takaful up by 0.44 percent to QR46.
The banking and financial sector index lost 3.36 points while Consumer Goods and Services sector index added 5.10 points. The industrial sector gained 10.97 points while insurance sector up 3.25 points.
Meanwhile, shares in Abu Dhabi’s two largest property companies surged yesterday ahead of their planned merger, lifting the UAE capital’s bourse to a seven-month high, while other Gulf markets also gained.
Sorouh Real Estate jumped 5.1 percent to Dh1.26 ($0.34) and Aldar Properties climbed 4.8 percent to Dh1.34.
On Sunday, a senior Sorouh executive said a merger agreement announcement with Aldar was expected “within a month.”
“For Aldar, breaking the 1.30 level gives it a target of Dh1.47 dirhams,” said Nabil Al Rantisi, managing director at Mena Corp. “Sorouh’s next target is Dh1.38.”
Aldar’s shares have technical support at Dh1.2, while Sorouh is supported at Dh1.17, he added.
Abu Dhabi’s benchmark rose 1.1 percent to its highest close since March 4. Dubai property stocks also surged as positive sentiment flowed over from the neighbouring bourse.
Emaar Properties climbed 3.5 percent, builder Arabtec gained 4.8 percent and Union Properties added 5.4 percent.
Dubai’s index rose 1.9 percent in its biggest one-day gain since July 30.
UAE banks were mixed after a central bank official said lenders will not be given an extension of the September 30 deadline for them to limit their exposure to state-linked debt.
“Banks would’ve been slightly negative today because of lending limits but until there’s clarity on whether refinancing risk can be spread around, there won’t be much impact,” said Amer Khan, fund manager at Shuaa Asset Management. “If there are stressed GREs (government-related entities) and they can’t get refinancing, we’ll see pressure on banking stocks.”
National Bank of Abu Dhabi gained 3.3 percent and First Gulf Bank added 0.1 percent, while Dubai’s Emirates NBD slipped one percent.
In Saudi Arabia, the index gained for a second day since Saturday’s one-month low as bargain hunters targeted banking and cement stocks. Samba Financial Group advanced 1.4 percent and Riyad Bank added 0.9 percent, while regional heavyweight Al Rajhi Bank climbed 0.7 percent.
Agencies
