Qatar Exchange Weekly Index Drops 95.92 Points

05/05/2011 00:00 AST

Qatar Exchange''s index dropped 95.92 points (1.12%) during this week to close at 8,452.38 points when trading was adjourned for the weekend. Of the 42 listed companies, 28 felt the regional effect of Osama bin Laden''s killing in Abbottabad earlier this week, among other market sentiments, while 13 ended this week higher and one maintained status quo. Barwa Real Estate led trading value during this week accounting for 18.1% of the total traded value, followed by Masraf Al Rayan which accounted for 11.24%. Qatar National Bank ranked third with 11.20%. Trading value during this week decreased by 25.22% to close at QR 1,237,061,516.80 compared to QR 1,654,185,849.67 the previous week. Trading volume decreased by 13.72% at 34,619,743 shares as against 40,126,574 shares the previous week while the number of transactions fell by 7.62%, at 21,113 transactions as compared to 22,854 transactions. Market capitalization fell by 0.65% to reach QR 433,300,161,638.29 as compared to QR 436,143,633,647.28 at the end of previous week. The services sector led trading value during this week. It accounted for 53.2% of the total trading value followed by banking and financial sector which accounted for 34.09%. The industrial sector came third with 11.03% followed by insurance sector with 1.69%. The services sector led trading volume too accounting for 61.82% of the total trading volume. Banking and financial sector followed next with 28.43%. The industrial sector came third with 8.48% followed by insurance which accounted for 1.27%. The services sector led trading number of transactions during this week with 56.3% of the total number of notes. Banking and financial sector accounted for 30.18%. Next came the industrial sector with 11.63% followed by insurance with 1.89%.

QNA