Qatar Exchange trade value rises 30 percent
TRIBUNE NEWS NETWORK
THE Qatar Exchange (QE) showed a positive performance during the five trading days of the week that started on April 22. The official QE index increased by 0.26 percent over previous week’s closing and finished the week at 8,661.46 points on Thursday.
Alshall’s index (cap weighted) closed at 1,217.63 points, increasing by 0.70 percent compared to previous week’s closing of 1,209.21 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 QR2,010,578,824. This represents an increase of 30.4 percent compared to the value of QR1,541,785,752 in the previous week. The financial sector led the trading, accounting for 34.7 percent of the total value, followed by the industrial sector which accounted for 34.3 percent, while the consumer services sector represented 18.3 percent of the total trading value.
The number of shares traded increased to 65,048,088 with a daily average of 13,009,618 shares; this was higher by 13.9 percent as compared to the previous week’s 57,108,903 shares.
The number of transactions stood up to 29,012 with a daily average of 5,802 which is higher by 15.2 percent as compared to the previous week’s 25,184 deals.
The top five leading companies in terms of value traded during the week were Dlala Brokerage & Investment Holding, which represented 18.4 percent of the total value added, followed by Industries Qatar (11.6 percent), Qatari Investors Group (11.2 percent), Masraf Al Rayan (7.1 percent) and Medicare Group (6.8 percent).
The most active companies in terms of volume traded were Qatari Investors Group which represented 18.2 percent of total volume traded, followed by Dlala Brokerage.