Doha: After falling for the past few trading sessions, the shares in the local bourse staged a strong come back. Qatar Stock Exchange (QE) Index yesterday surged past 10,600-points level driven by strong buying interest from individual and institutional investors. The QE Index jumped around 93 points, or 0.88 percent to close at 10,608.92 points, yesterday.
Among the top gainers, Industries Qatar’s shares increased 3.6 percent, Alkhaleej Takaful Insurance gained 3 percent while Qatar Industrial Manufacturing shares jumped around 2.8 percent in yesterday’s trade. Mesaieed Petrochemical Holding Co shares gained 2.2 percent and Barwa Real Estate shares increased 2 percent.
Qatar Islamic Insurance, Qatar German for Medical Devices and Zad Holding were among top losers in yesterday’s traded. In a regulatory filing to the Qatar Stock Exchange, Doha Bank said that has entered into a liquidity provision agreement.
The bank said it has entered into a liquidity provision agreement with The Group Securities after obtaining Qatar Financial Markets Authority (QFMA) approval and in accordance with the approved liquidity provisioning scheme. The Group Securities will commence the liquidity provisioning for Doha Bank effective May 31, 2021.
The volume of shares traded decreased to 152 million yesterday from 232.7 million on Monday and the value of shares decreased to QR409m from QR567.39m on Monday. Indices of seven sectors ended in green zone yesterday. QSE Total Return Index gained 0.88 percent to 21,001.00 points and QSE Al Rayan Islamic Index added 1.06 percent to 4,570.93 points. QSE All Share Index up 0.67 percent to 3,372.06 points.
