Qatar stock index drops 289.51 points; market cap shrinks QR14bn
20 Aug 2015 - 18:07
DOHA: Amid uncertainties in major global markets, Qatar Stock Exchange (QSE) index today tumbled 289.51 points, or 2.49 percent, wiping out nearly QR14bn from the market capitalization when the bourse closed trading at 11,345.53 points Thursday.
The daily turnover increased to QR375.32m with a volume of 7,766,317 shares from 6,638 deals compared to QR238.84m with a volume of 5,215,636 shares from 3,577 deals on Wednesday.
The market capitalization decreased to QR599.76bn from QR613.74bn registered Wednesday.
Indices of all sectors ended in red today. Telecoms index dropped today, 5.27 percent to 965.86 points. Insurance index decreased 3.19 percent to 2,664.01 points and Real Estate index declined 2.59 percent to 2,664.01 points.
QSE Total Return Index decreased to 2.49 percent to 17,635 points, QSE Al Rayan Islamic Index lost 2.81 percent to 4,402.56 points and QSE All Share Index dropped 2.32 percent to 3,032.89 points.
Of the 43 companies listed on QSE, investors exchanged shares of 42. Of them, one gained, 37 went down, four unchanged.