(MENAFN- The Peninsula) Qatar Exchange index declined 69.46 points, or 0.57 percent, when the bourse closed trading yesterday at 12,013.53 points compared with 12,082.99 points on Sunday.
The market capitalisation decreased to QR637.73bn compared with QR640.62bn registered on Sunday.
The traded valued increased to QR217.08 with a volume of 4,797,826 shares from 2,274 transactions compared with QR151.43m with a volume of 2,574,074 shares from 1,765 transactions registered on Sunday.
Barring transport index, up slightly to 2,455.53 points (0.01 prcent), all other indices declined today. Real estate dropped the most, down 1.23 percent to 2,755.27 points.
The Total Return Index declined 0.57 percent (18,669.65 points), Al Rayan Islamic Index declined 0.57 percent (4,684.47 points) while QSE All Share Index declined 0.50 percent (3,210.85 points).
Meanwhile, the Greek debt crisis continued to push down Middle Eastern stock markets on Monday after Athens imposed capital controls and shut banks, raising the prospect of Greece leaving the eurozone.
Gulf economies are better insulated from such an event than many areas of the world, because they do not depend on foreign investment and governments can use huge fiscal reserves to continue spending heavily.
But market sentiment in the region was hurt by a broad slide of Asian and European stocks and a near two percent drop in Brent oil to just above $62 a barrel.
Saudi Arabia's stock index slid 1.6 percent. Petrochemicals giant Saudi Basic Industries, whose earnings would be depressed by lower oil prices, sank 2.4 percent. Mining company Ma'aden tumbled 5.0 percent.
But Saudi Ground Services, which listed last Thursday, jumped its 10 percent daily limit for a third day in a row to 66.50 riyals. SICO started the stock with a buy rating and a target price of SR74.
Dubai's index slipped 0.3 percent. Property developers, which could see European investors' demand for their real estate hit by any fresh eurozone crisis, were weak; Emaar lost 0.4 percent.
But top Dubai bank Emirates NBD, a creditor of Limitless, gained 2.2 percent after the real estate developer reported progress in its debt restructuring.
Limitless said it would repay Dh2.07bn ($564m) to creditors and had won the approval of almost 90 percent of banks to extend its remaining debt to December 2018.
Abu Dhabi's index dropped 0.8 percent as Etisalat lost 2.9 percent after saying a further earnings restatement and provisions at its Saudi Arabian unit Etihad Etisalat would hit its own earnings.
Egypt's market slid 1.7 percent; a fresh economic slump in Europe could hurt a key export market and deprive it of tourism revenue. Global Telecom dropped 1.9 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.