QE Index soars over 200 points last week

  • 2 months   ago
Qatar Stock Exchange
Shares had a good run last week with Qatar Stock Exchange (QE) Index soared around 235 points or 2.2 percent in the past five trading sessions. On Thursday, the QE Index gained 47.22 points or 0.43 percent to close at 10,913.83 points. Indices of five sectors ended in green zone and two sectors ended red zone today. The volume of shares traded decreased to 219 million from 270 million on Wednesday and the value of shares decreased to QR546.8m from QR814.1m on Wednesday.
 
It was a remarkable week for the bourse as Shares of QLM were listed on the QSE on Wednesday, taking the total number of companies listed on the exchange to 48. QLM made a strong debut on the bourse as its share surged around 24 percent on the first day of trading at the Qatar Stock Exchange driven by strong investors demand.
 
The stock market started the week on a positive note as, the QE Index rose 0.4 percent to close at 10,725.7. The index rose on the back of buying support from Arab and Foreign shareholders despite selling pressure from Qatari and GCC shareholders. Gains were led by the Transportation and Telecoms indices, gaining 3.3 percent and 2.2 percent, respectively. Top gainers were Qatar Navigation and Al Khalij Commercial Bank, rising 5.4 percent and 3.9 percent, respectively.
 
Among the top losers, Qatar Islamic Insurance Company and Ezdan Holding Group were down 1.4 percent each. Next day on Monday, the QE Index rose 1.1 percent to close at 10,843.0. Gains were led by the Transportation and Telecoms indices, gaining 3.2 percent and 2.0 percent, respectively.
 
Top gainers were Qatar Gas Transport Company Limited and Qatar Navigation, rising 3.6 percent and 3.2 percent, respectively. Among the top losers, Qatar Cinema & Film Distribution Company fell 7.9 percent, while Ezdan Holding Group was down 1.8 percent. The index rose on the back of buying support from GCC and Foreign shareholders despite selling pressure from Qatari and Arab shareholders. On Tuesday, the QE Index declined marginally to close at 10,838.7. Losses were led by the Banks & Financial Services and Industrials indices, falling 0.3 percent and 0.2 percent, respectively.
 
The index fell on the back of selling pressure from Qatari shareholders despite buying support from GCC, Arab and Foreign shareholders. Top losers were Ezdan Holding Group and Qatar Oman Investment Company, falling 3.5 percent and 2.2 percent, respectively. Among the top gainers, Doha Insurance Group gained 2.9 percent, while Qatari German Company for Medical Devices was up 2.6 percent. On Wednesday, the QE Index rose 0.3 percent to close at 10,866.6. The index rose on the back of buying support from GCC and Foreign shareholders despite selling pressure from Qatari and Arab shareholders. Gains were led by the Telecoms and Industrials indices, gaining 1.6 percent and 0.8 percent, respectively.
 
Top gainers were QLM Life & Medical Insurance Company and Mazaya Real Estate Development, rising 23.8 percent and 4.4 percent, respectively. Among the top losers, Qatari German Company for Medical Devices fell 2.0 percent, while Dlala Brokerage & Investment Holding Co. was down 1.1 percent. On Thursday, QSE Total Return Index increased 0.43 percent to 20,981.48 points and QSE Al Rayan Islamic Index gained 0.66 percent to 4,398.25 points. QSE All Share Index up 0.17 percent to 3,341.23 points.

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