Qatar Exchange trade value decline 5.7%
TRIBUNE NEWS NETWORK
THE Qatar Exchange (QE) showed a mixed performance during the five trading days of the week that started on April 1. The official QE index increased by 0.39 percent over previous week’s closing and finished the week at 8,825.18 points on Thursday. The Alshall’s index (cap weighted) closed at 1,223.79 points, increasing by 0.14 percent compared to previous week’s closing of 1,222.07 points. Alshall index is produced by Alshall Economic Services, a Qatar-based business advisory services company.
Total value of trade during the five trading days was QR1,608,094,452. This represents a decrease of 5.7 percent compared to the value of QR1,705,254,564 in the previous week.
The financial sector led the trading, accounting for 36.7 percent of the total trading value, followed by the consumer services sector which accounted for 31.8 percent, while the industrial sector represented 18.8 percent of the total trading value.
The number of shares traded decreased to 53,746,982 with a daily average of 10,749,396 shares; this was lower by 0.5 percent as compared to the previous week’s number of shares to 53,997,634.
The number of transactions fell down to 25,181 with a daily average of 5,036 which is lower by 3.3 percent as compared to the previous week’s number of 26,052 deals.
The top five leading companies in terms of value traded during the week were Qatar General Insurance & Reinsurance Company, which represented 10.4 percent of the total value traded, followed by Qatar Gas Transport Company Limited (Nakilat) (9.8 percent), Al Khaleej Takaful Insurance & Reinsurance Company (9.4 percent), Doha Bank (7.4 percent) and Qatar Insurance Company (6.8 percent).
The most active companies in terms of volume traded were Qatar Gas Transport Company Limited (Nakilat) which represented 28.3 percent of total volume traded, followed by Al Khaleej Takaful Insurance & Reinsurance Company (10.3 percent), Salam International Investment Limited (9.1 percent), Doha Bank (6.4 percent) and Gulf Qatar Company For Meat & Livestock Trading (Mawashi) (4.9 percent).
Twenty-three stocks of a total 42 listed companies stocks advanced and ended the week at higher prices than their previous week last trading day’s prices, while 81 stocks declined and ended at lower prices than their previous week last trading day’s prices and one stock remain unchanged.