QE index dips 1.91pc last week

13/06/2014 10:08 AST

DOHA: Qatar Exchange (QE) index lost 253.20 points, or 1.91 percent, last week when it closed trading at 12,978.86 points yesterday.

The trading value during the week decreased by 44.55 percent to QR4.04bn compared to the previous week’s QR7.2bn. The trading volume of decreased by 38.91 percent to 99.97 million shares as against 163 million. The number of transactions fell by 25.36 percent to reach 46,458 transactions from 62,244 transactions.

The market capitalisation fell by 1.85 percent to QR705bn from QR718bn at the end of previous week.

Banks and financial services sector led traded value week with 42.72 percent of the total traded value. Industries sector accounted for 17.22 percent. Real estate sector accounted for 16.10 percent and consumer goods and services sector accounted 9.32 percent.

Banks and financial services sector led traded volume during the last week with 34.08 percent of the total traded volume. Real estate accounted for 23.85 percent.

The consumer goods and Services accounted for 15.13 percent and telecoms sector accounted for 12.31 percent.

Banks and financial services sector led traded number of transactions with 36.44 percent of the total number of transactions. Industrials sector accounted for 20.37 percent. Real estate sector and consumer goods and services accounted for 16.94 percent and 11.25 percent respectively.

Of the 43 listed companies, 14 ended higher, 28 fell and one remained unchanged.

Masraf Al Rayan topped the traded value during the week with 20.14 percent of the total traded value.

Yesterday, the bourse edged up marginally by adding 66.05 points or 0.51 percent to close at 12,978.86 points.

The volume of the shares traded fell to 12.7 million from 14 million and the value of shares decreased to QR610 m from QR659m.

Among the top gainers were Gulf International which was up 3.19 percent to QR93.70, Qatar Navigation gained 1.52 percent to QR93.80, Masraf Al Rayan added 3.77 percent to QR44.00 and Doha Insurance was up by 1.20 percent to QR25.40.

The Peninsula