(MENAFN- The Peninsula) :Qatar's stock market headed lower on oil rout in the past week, pulling back the benchmark index by 3.60 percent to finish the week at 11,862. The Qatar Exchange's (QE) market capitalisation shrunk QR30bn or 4.38 percent compared to the previous week.
In a broad sell-off, the trading volume decreased by 17.8 percent in the five-day trading session. Of the 43 listed companies, 30 fell and just 12 ended higher. The entire sector indices entered red in the week, with the Industrials losing the most by 9 percent. The Telecoms sector slipped 2.33 percent and Transportations sector lost 2.16 percent. Banks and Financials fell 1.48 percent.
Bellwether Industries Qatar (IQ) plunged 17.61 percent during the week. Vodafone, MPHC and QNB were among other top losers.
Industries Qatar, however, led trading value during the week, accounting for 24.29 percent of total trading value, followed by Barwa Real estate (14.90 percent) and QNB (14.06 percent).
A sector breakdown of Qatar Exchange data, suggests Industrials sector led trading value during the week, accounting for 38.5 percent of the total traded value, followed by Banks and Financial Services sector (30.66 percent), Real Estate sector (20.33 percent) and Telecom sector (3.79 percent).
Real Estate sector led trading volume with a share of 39.14 percent, followed by Industrials sector (22.45 percent); the Banks and Financial Services (21.28 percent) and Telecoms sector (8.94 percent).
The Industrial sector led trading number with 34.61 percent of the total number of transactions. It was followed by Banks and Financial Services sector (26.17 percent); Real estate sector (22.49 percent) and Telecoms sector (7.95 percent).
Yesterday, the market edged marginally down and most sector indices ended flat.
Elsewhere, Saudi Arabia's index fell 1.1 percent yesterday and Al Rajhi Bank was the main drag, tumbling 4.9 percent after the lender's fourth-quarter profit missed analysts' estimates. Dubai's stock index added 0.8 percent as most stocks in the emirate rose, Reuters reported.
Oman's index added 1.3 percent, largely on the back of banks. National Bank of Oman surged 5.0 percent after its fourth-quarter earnings beat analysts' estimates.
Kuwait index added 0.2 percent to 6,599 points. In Egypt, the index edged up 0.1 percent to 9,556 points.
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