Alshall Market Review

16/01/2011 00:00 AST

The Qatar Exchange (QE) showed a positive performance during the week starting January 9. The official QE index fell 2.41% over the previous week’s closing and finished the week at 9,236.43 points last Thursday, while the Alshall index (cap weighted) closed at 1,283.99 points, up 1.04% compared to the previous week’s closing at 1,270.73.

Total value of trade during the five trading days was QR2,648,682,286. This represented an increase of 18.9% compared to the value of the previous week at QR2,227,573,490 with five trading days. The financial sector led the trading, accounting for 57.1% of the total trading value, followed by the industrial sector (21.5%) and the consumer Services sector (15.0%).

The number of shares traded reached 65,650,698 with a daily average of 13,130,140 shares. This was higher by 30.6% compared to the previous week’s number of shares at 50,282,831.

The number of deals stood at 31,347 with a daily average of 6,269. This is higher by 20.7% compared to the previous week’s number of deals (25,964).

Top five leading companies in terms of value traded during the week were: Masraf Al Rayan, which represented 15.5% of the total value traded, followed by QNB (10.9%), Industries Qatar (10.4%), Qatar Islamic Bank (9.2%) and International Islamic (8.6%).

The most active companies in terms of volume traded were Masraf Al Rayan which represented 31.1% of total volume traded, followed by Barwa Real Estate Co (9.0%), al khaliji (6.8%), International Islamic (6.5%) and Vodafone Qatar (4.2%).

Twenty-three stocks of a total 43 listed companies advanced and ended the week higher, while 16 declined and ended lower. Four stocks remained unchanged.

* Alshall Economic Services is a Qatar-based advisory firm providing different economic, business and corporate finance advisory services to local institutions. It is affiliated to Alshall Consulting and Investment Co in Kuwait.

* Analyses appearing in this weekly report do not in any way constitute an offer or recommendation to invest in any of the listed securities. Gulf Times and Alshall hereby disclaim any responsibility or any direct or indirect claim resulting from using this report.

Gulf Times