Qatar Stock Exchangeâ€™s (QSE) benchmark index made a remarkable gain during the last week powered by banking and industrial sector stocks. The QSE index gained 373.33 points, or 3.89 percent, last week when the bourse closed yesterday at 9,981.22 points. Investors at the exchange became QR26.75bn richer as the market cap rose by 5.11 percent to reach QR550.53bn as compared to QR523.78bn at the end of previous week.
Trading value during last week increased by 25.84 percent to reach QR1.21bn compared to QR967.03m. Trading volume increased by 31.72 percent to reach 41.07 million shares, as against 31.18 million shares, while the number of transactions rose by 21.63 percent, to reach 18,711 transactions as compared to 15,383 transactions.
Banking and Financial Services sector led traded value last week with 46.21 percent of the total traded value. Industries sector accounted for 16.12 percent. Transportation sector accounted for 10.10 percent and Real Estate sector accounted for 9.46 percent.
Banking and Financial Services sector led traded volume last week with 29.39 percent of the total traded volume. Real Estate sector accounted for 22.64 percent. Transportation sector accounted for 15.83 percent and Telecoms sector accounted 13.13 percent. Banking and Financial Services sector led traded number of transactions last week with 32.44 percent of the total number of transactions. Industries sector accounted for 21.30 percent. Real Estate sector accounted for 17.56 percent and Telecoms sector accounted for 10.29 percent.
From the 45 listed companies 26 ended last week higher, while 16 fell and three remained unchanged, reports QNA.
QNB led trading value during last week accounted for 19.64 percent of the total trading value. Qatar Gas Transport accounted for 8.41 percent and Industries Qatar accounted for 8.40 percent.
When compared on daily basis, the QSE index gained 4.71 points, or 0.05 percent, yesterday compared to Wednesdayâ€™s closing.
Source: The Peninsula Newspaper