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Qatari stocks ended the week on positive note as Qatar Stock Exchange (QE) Index surged 128 points this week. The QE Index closed at 11,663.63 points yesterday, registering a weekly gain of 1.1 percent. On the daily basis, the index gained 59 points.
This was the second consecutive week of gains for the Qatari stocks. The QE Index had gained 58 points during the first week of this month. It has been a good month for the Qatari shares as the QE Index has gained 178 points so far. The QE Index has started the month at 11485 points.
The volume of shares traded yesterday were 305 million, valuing QR744.85m in total 15,941 trades. Indices of 25 sectors are ended in green zone and 17 sectors in red zone while four sectors maintained their previous closing price.
It was a week of consistent increase for the stocks as the QE Index registered gains in every trading session.
On Wednesday, the QE Index rose 0.1 percent to close at 11,603.9. The Banks & Financial Services and Consumer Goods & Services indices led the gains. The index rose on the back of buying support from Arab and foreign shareholders despite selling pressure from Qatari and GCC shareholders. Investment Holding Group and INMA Holding were the top gainers, rising 2.9 percent each. Among the top losers, Mazaya Qatar Real Estate fell 1.4 percent, while National Leasing was down 1.2 percent. Volume of shares traded on Wednesday rose by 18.2 percent to 289.3 million from 244.7 million on Tuesday.
The QE Index rose 0.2 percent to close at 11,595.6 on Tuesday. Gains were led by the Real Estate and Telecoms indices, gaining 1.3 percent and 0.5 percent, respectively. Top gainers were Qatari German Co for Med. Devices and Mannai Corporation, rising 10 percent and 5.2 percent, respectively. Among the top losers, Ahli Bank fell 2.5 percent, while Gulf International Services was down 1.7 percent. The index rose on the back of buying support from GCC and foreign shareholders despite selling pressure from Qatari and Arab shareholders.
Volume of shares traded on Tuesday rose by 5.2 percent to 244.7 million from 232.6 million on Monday.
On Monday, the QE Index rose 0.1 percent to close at 11,568.6. Gains were led by the Insurance and Industrials indices, gaining 0.5 percent and 0.4 percent, respectively. Top gainers were Gulf International Services and Mannai Corporation, rising 4.1 percent and 2.8 percent, respectively. Among the top losers, Doha Insurance Group fell 1.5 percent, while Ooredoo was down 0.7 percent.
The QE Index rose 0.2 percent to close at 11,552.9 on Sunday. Gains were led by the Industrials and Real Estate indices, gaining 0.5 percent and 0.4 percent, respectively. Top gainers were Gulf International Services and Qatar Aluminum Manufacturing Co., rising 2.6 percent and 2.2 percent, respectively. Among the top losers, Qatar Industrial Manufacturing Co fell 1.8 percent, while Qatar Cinema & Film Distribution was down 0.8 percent.
From the 48 listed companies 32 ended the week higher, while 14 lower and one company unchanged.
