QE index gains 1,267.40 points past week


(MENAFN- The Peninsula)   Qatar Exchange index gained 1267.40 points, or 11.33 percent past trading week when the bourse closed yesterday at 12,449.05 points.

The index added 91.43 points yesterday to advance to 12,449.05 points from 12,357.62 on Wednesday.

Trading value during the week increased by 28.41 percent to reach QR4.54bn compared to QR3.54bn. Trading volume increased by 25.62 percent to reach 103,132,364 shares, as against 82,096,818 shares, while the number of transactions rose by 16.87 percent, to reach 43,097 transactions as compared to 36,876 transactions.

Market capitalisation rose by 9.82 percent to reach QR679bn as compared to QR619bn at the end of previous week.

Banking and financial services sector led traded value with 33.19 percent of the total traded value. Real Estate sector accounted for 31.21 percent. Industries sector accounted for 17.26 percent and consumer goods and services sector accounted for 6.26 percent.

Real estate sector led traded volume past week with 49.29 percent of the total traded volume. Banking and financial services sector accounted for 19.65 percent. Telecoms sector accounted for 1.35 percent and industries sector accounted for 10.08 percent. Real Estate sector led traded number of transactions in the week with 31.1 percent of the total number of transactions. Banking and financial services sector accounted for 26.16 percent. Industries sector accounted for 19.03 percent and Telecoms sector accounted for 9.23 percent.

From the 43 listed companies 42 ended higher, while one declined in the week.

Barwa Real Estate led traded value during the week and accounted for 18.72 percent of the total. QNB accounted for 7.85 percent and Gulf International Services (GIS) accounted for 7.71 percent.

Elsewhere, gulf stock markets rose yesterday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring the region that economic growth is unlikely to be hurt much by the plunge of oil prices.

The main index rose a further 0.6 percent in active trade to 8,749 points yesterday, confirming a break of its downtrend line from September - a positive technical signal.

In other Gulf markets, Dubai climbed 1.4 percent, though turnover remained moderate with many investors away for end-of-year holidays. The Abu Dhabi index edged up 0.1 percent to 4,537 points.

Oman rose 0.9 percent and Egypt's market edged down 0.3 percent yesterday.

The Kuwait index climbed 0.5 percent to 6,578 points, while Baharain index rose 0.5 percent to 1,414 points.


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