Weekly Market Report:
"The Qatar Stock Exchange (QSE) index gained 259.51 points, or 2.8%, during the trading week to close at 9,459.61. Market capitalisation increased by 1.9% to QR514.4bn versus QR504.7bn at the end of the previous trading week. Of the 45 listed companies, 26 ended the week higher, while 16 declined and three remained unchanged. Gulf International Services Co (GISS) was the best performing stock for the week with a gain of 10.4% on 1.1mn shares traded. On the other hand, Islamic Holding Group (IHGS) was the worst performing stock for the week with a decline of 16.0% on 428.2k shares traded. Barwa Real Estate Co (BRES), Industries Qatar (IQCD) and Qatar Electricity & Water Co (QEWS) were the primary contributors to the weekly index gains. BRES was the biggest contributor to the index’s weekly increase, adding 50.7 points to the index. IQCD was the second biggest contributor to the mentioned gains, adding 43.3 points to the index. Moreover, QEWS added 27.8 points to the index. However, Qatari Investors Group (QIGD) shed 15.3 points off the index. Trading value during the week decreased by 2.6% to reach QR1.51bn versus QR1.55bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 45.2% of the total trading value. The consumer goods and services sector was the second biggest contributor to the overall trading value, accounting for 16.3% of the total trading value. QNB Group (QNBK) was the top value traded stock during the week with total traded value of QR151.2mn."
'via Blog this'
No comments:
Post a Comment