Qatar bourse gains 2.09% in February, trading volume jumps 7%

29/03/2012 11:47 AST  Al Watan

Reversing last month's dip on disappointing dividend distribution by blue-chip companies, the bourse gained 2.09 percent during February to 8,746.98, to almost erase last month's loss bringing the market's year-to-date (YTD) 2012 loss to a marginal 0.37 percent, as investors saw the January's sharp dip as a buying opportunity. Trading indicators improved slightly with volume rising seven percent to 152.3 million shares, while traded value rose 17 percent to 5.92 billion Qatari riyals (1.63 billion US dollars) over 69,463 transactions. Volatility for the month remained elevated at 10 percent as compared to 6.23 percent in December 2011. During February, the aggregate market capitalization rose 1.79 percent to 455.95 billion riyals ($125.2 billion) from 447.93 billion riyals ($123 billion). The banking & finance sector shrank 1.42 percent to 187.4 billion riyals ($51.5 billion) while the industrial and services sectors increased by 6.36 percent and 4.08 percent, respectively, leaving the insurance sector as the biggest loser at 10.43 percent to 10.79 billion riyals ($2.96 billion).

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