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Posted On: 20 July 2013 12:21 pm
Updated On: 12 November 2020 02:13 pm

Qatar Exchange makes merry on insurance and real estate sector

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The Qatar Exchange (QE) index gained 129.90 points or 1.38 percent last week to close at 9549.87 points. The industrial, insurance and the real estate sector indices led the gains. The index rose on the back of buying support from foreign shareholders despite selling pressure from Qatari shareholders. Qatar Electricity, UDC, Industries Qatar, QNB and Medicare Group were top gainers last week. The trading value last week increased by 26.04 percent to reach QR974m over QR773m recorded the previous week. The trading volume increased by 19.22 percent to cross 24 million shares compared to the previous week’s 20 million, while the total number of transactions rose by 10.84 percent to reach 12,774 last week compared to 11,525 transactions. Market capitalisation increased by 1.40 percent to reach QR524bn last week compared to QR517bn at the end of previous week. The banking and financial services sector led the traded value last week with 30.89 percent of the total. The industrial sector accounted for 23.48 percent. The real estate sector accounted for 14.65 percent and the consumer goods and services sector accounted for 14.14 percent. The real estate sector led the traded volume last week with 26.07 percent of the total, followed . by the banking and financial services sector (24.52 percent), the consumer goods and services sector (15.94 percent) and the transportation sector (15.71 percent). The banking and financial services sector led the number of transactions last week with 33.13 percent of the total, followed by the industrial sector (21.14 percent), the consumer goods and services sector (13.93 percent) and the real estate sector (13.20 percent). Of the 42 companies listed, 25 ended higher last week while 15 fell and two remained unchanged. Industries Qatar led the traded value last week with 14.38 percent of the total, followed by Qatar National Bank (10.97 percent) and United Development Company (10.96 percent). Yesterday, the QE added 76.30 points or 0.81 percent to advance to 9,549.87 points from 9,473.57 on Wednesday. The volume of the shares traded rose to 6,121,204 from Wednesday’s 5,434,771 and the value of shares dropped to QR252m from QR258m. Among the top gainers were Qatar National Bank which was up 1.84 percent to QR166, Vodafone Qatar rose 0.99 percent to QR9.16, Nakilat gained 1.66 percent to QR18.33 and United Development Company was up by 0.22 percent to QR22.90. The banking and financial services sector index was up 0.97 percent while insurance sector index gained 0.31 percent and the industrial sector index rose 0.84 percent. Source : Qatar Chronicle