QSE’s benchmark index drops 58.34 points
31 Aug 2017 - 0:51
Qatar Stock Exchange’s (QSE) benchmark index dropped 58.34 points, or 0.66 percent, when the bourse closed trading at 8,800.56 points yesterday.
The volume of shares traded increased to 8.87 million from 4.84 million on Tuesday and the value of shares increased to QR187.22m from QR137.53 on Tuesday.
Out of the 45 companies listed on QSE, shares of 41 saw trading yesterday. Of these 14 gained and 27 companies closed lower yesterday.
Index of one sector ended in green and remaining six sectors ended in red yesterday. QSE Total Return Index lost 0.66 to 14,758.03 points. QSE Al Rayan Islamic Index declined 0.40 percent to 3,497.17 points and QSE All Share Index decreased 1.01 percent to 2,495.23 points, reports QNA.
When compared on weekly basis, the QSE lost 151.26 points, or 1.69 percent, last week when the bourse closed yesterday at 8,800.56 points for Eid Al Adha holidays.
Trading value during last week decreased by 14.03 percent to reach QR622.18m compared to QR723.69m.
Trading volume decreased by 26.19 percent to reach 25.18 million shares, as against 34.12 million shares, while the number of transactions fell by 9.94 percent, to reach 8,360 transactions as compared to 9,283 transactions.
Market cap fell by 1.16 percent to reach QR476.71bn last week compared to QR482.29bn at the end of previous week.
Banking and Financial Services sector led traded value last week with 47.22 percent of the total traded value.
Industries sector accounted for 17.59 percent. Telecoms sector accounted for 15.34 percent and Real Estate sector accounted for 7.87 percent.
Telecoms sector led traded volume last week with 40.07 percent of the total traded volume. Banking and Financial Services sector accounted for 24.50 percent.