(MENAFN- The Peninsula) Qatar Exchange (QE) index finished in the green yesterday, after a sharp rise in all sectors. The market gained 3.08 percent or 337.84 points to reach 11,295.46. The market saw a total of 7,445 transactions being carried out as trading volume reached 11.35million shares, hitting turnover of QR485.5m.
Among the sector indexes, the telecoms was the best performer. The sector advanced 4.17 percent, supported by Ooredoo which gained 4.24 percent. The real estate sector gained 2.10 percent driven by a 1.59 percent increase in Ezdan Holding Group.
The banking and financial services sector grew 3.87 percent, powered by QNB which rose 5.55 percent. Medicare Group came on the top of rising stocks after growing 5.65 percent, while Gulf Warehousing Company led losers with a fall of 2.06 percent.
Gulf International Services was the market leader, both in terms of volume and value. Of the total 42 traded companies, 38 advanced and four declined.
Meanwhile, Qatari stocks fell during a week of trading. The index was down 50.07 points in the week. The market capitalisation fell, by 0.63 percent to
QR596.014bn from QR599.76bn the previous week.
Weekly turnover rose by 96.69 percent to QR2.30bn as compared to QR1.17bn the previous week.
Trading volume last week was 54,129,012 shares, up 115.62 percent compared to 25,103,858 shares last week. Some 35,852 transactions is an increase by 84.22 percent compared to 19,461 transactions registered the previous week.
Banks and financial services sector led the trading value this week with 36.15 percent of the total trading value. Industrial counters accounted for 24.50 percent, the real estate accounted for 16.71 percent and telecoms accounted for 9.55 percent.
Real estate topped in terms of trading volume with a share of 27.74 percent of the total. Banks and financial services accounted for 26.89 percent, telecoms sector accounted for 16.94 percent and industrial stocks accounted for 16.31 percent. Banks and financial services topped in terms of the number of transactions last week with 31.62 percent of the total. Industrial counters accounted for 21.25 percent, telecom 17.92 percent whereas real estate stocks accounted for 16.94 percent of the total. Of the 43 listed companies 10 ended higher last week, 31 declined and two remained unchanged.
Gulf International Services topped in terms of the trading value last week with 10 percent of the total, Barwa Real Estate had a share of 8.97 percent in the total while Commercial Bank of Qatar accounted for 8.95 percent, reports QNA.
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