QSE index gained 102.94 points last week

Qatar Stock Exchange’s (QSE) benchmark gained 102.94 points, or 0.99 percent, last week when the bourse closed yesterday at 10,451.13 points.

Trading value during last week decreased by 4.52 percent to reach QR1.24bn compared to QR1.30bn at the end of previous week.

Trading volume decreased by 35.10 percent to reach 52.04 million shares, as against 80.19 million shares, while the number of transactions fell by 24.36 percent, to reach 22,750 transactions as compared to 30,077 transactions.

Market cap rose by 1.51 percent to reach QR588.11bn as compared to QR579.34bn at the end of previous week, reports QNA.

Banking and Financial Services sector led traded value last week with 48.49 percent of the total traded value. Industries sector accounted for 24.43 percent. QNB led trading value during last week accounted for 21.86 percent of the total trading value. Industries Qatar accounted for 9.79 percent and Qatar Islamic Bank accounted 7.73 percent.

When compared daily basis, the QSE index dropped 6.43 points, or 0.06 percent, compared to Wednesday’s closing.

The volume of shares traded increased to 13.44 million from 9.72 million on Wednesday and the value of shares decreased to QR264.53m from QR292.56m on Wednesday.

Source from: The Peninsula