DOHA: Qatari stocks remained buoyant in this week’s trading that ended yesterday with the main benchmark index continuing to rise after breaching the barrier of 9,000 points earlier in the week.
The index closed at 9,238 points at the end of five-day trading in the week yesterday, the gain being 189.38 points, or 2.09 percent.
The trading value, though, took a slight beating decreasing 0.45 percent to QR1.89bn in comparison to QR1.9bn the previous week.
But the trading volume was up 1.82 percent to more than 56 million shares as against a little over 55 million in the preceding week.
The number of transactions, though, fell by a relatively heftier 10.70 percent to 24,743 in comparison to 27,708 the previous week.
The market capitalisation that breached the QR500bn-mark sometime ago, maintained an upward trend, rising 1.61 percent (or by QR8bn) this week to over QR509.97bn ($140.1bn).
The lending and financial services counters led the trading value with a 28.97 percent share in the total.
The real estate sector accounted for 23.35 percent in the total while the industrial counters had a 20.44 percent slice in the total. The consumer goods and services accounted for 16.14 percent in the total value.
As for trading volume, the real estate sector led with an impressive 37.38 percent share in the total.
The banking and financial services sector trailed with a 25.43 percentage in the total, while the industrial counters accounted for 12.74 percent. The share of consumer goods and services stocks in the total was 12.39 percent.
The lending and financial services shares led in terms of the number of deals concluded on the bourse this week with a 30.21 percent share in the total.
Real estate accounted for 22.38 percent while the industrial stocks ended up with a share of 19.81 percent. Consumer goods and services accounted for a 14.24 percent share in the total.
From the 42 listed companies 29 ended higher this week while nine fell and four remained unchanged.
United Development Company (UDC) led the trading value with a 13.67 percent share in the total.
Industries Qatar accounted for 9.11 percent. Barwa Real Estate , 7.76 percent.
In yesterday’s trading, the index gained 79 points, with some buying support coming from institutional investors — both Qatari and foreign, trading data released by the bourse, Qatar Exchange (QE), showed.
The Peninsula
