31/12/2010 00:00 AST
Qatar’s bourse extended gains to the second day yesterday mainly on Industries Qatar (IQ) and Commercialbank (Cb).
Also helped by Woqod, the 20-stock benchmark settled 0.20% higher at 8,681.65 points.
The market has gained a whopping 1,722 points or 24.80% year-to-date mainly on strong double-digit gains in the insurance, lenders and industrial stocks.
National Leasing (NLC), Qatar Electricity and Water, Woqod, Cb, Doha Bank and Masraf Al Rayan saw their stocks outperform the benchmark index year-on-year.
Yesterday, market capitalisation rose 0.29% or more than QR1bn to QR450.20bn. Year-on-year, it surged by 43% or more than QR136bn.
Industrial and services stocks gained 1.61% and 0.32%, while those of insurance and banks and financial institution fell 1.18% and 0.17% respectively.
However, year-on-year, insurance, lenders, industry and services reported gains of 67.71%, 37.18%, 16.49% and 7.09% respectively.
Of the 43 stocks, 14 gained, while 15 declined, nine were unchanged and five were not traded yesterday.
Total trading volume plummeted 25% to 8.81mn equities, value by 20% to QR390.88mn and transactions by 14% to 4,636.
The services sector’s trading volume plunged 28% to 4.94mn, value by 28% to QR172.33mn and deals by 14% to 2,385.
The industrial sector witnessed a 27% slump in trading volume to 0.82mn shares, value by 21% to QR71.27mn and transactions by 17% to 583.
Banks and financial institution’s trading volume fell 23% to 2.88mn equities, value by 17% to QR134.55mn and deals by 18% to 1,552.
The insurance sector’s trading volume however more than quadrupled to 0.18mn shares, value jumped more than five-fold to QR12.74mn on a 92% gain in transactions to 116.
Actively traded stocks (in terms of volume) were Barwa (2.53mn shares); Masraf Al Rayan (1.54mn); IQ (453,857); National Leasing (417,977) and Qatar Islamic Bank (401,331).
Gulf Times
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