Qatar- QE index loses 1.65pc other Gulf markets dip

Date

9/14/2015 1:52:50 AM

(MENAFN- The Peninsula)

Doha: Qatar Stock Exchange (QSE) index dropped 195.74 points or 1.65 percent yesterday when it closed at 11657.27 points. The market capitalisation decreased to QR613.83bn from QR623.78bn registered on Thursday.

The daily turnover decreased to QR265m with a volume of 6781604 shares from 4197 transactions compared with QR668m with a volume of 14947703 shares from 7444 transactions on Thursday.

Indices of all sectors ended in the red barring telecoms which gained 0.23 percent when it closed the day at 1014.04 points.

Banks and financial services index dropped the most with 2.11 percent fall to 3154.92 points.

Elsewhere in the region most Gulf stock markets fell tracking oil prices while Egypt rose after the country’s oil minister a successful reformer was asked to form a new government.

The Cairo index climbed 0.6 percent with most stocks positive after President Abdel Fattah al-Sisi on Saturday asked Oil Minister Sherif Ismail to name a new cabinet.

Saudi Arabia’s main index had risen initially on news that index compiler FTSE added the country to its watch list for potential inclusion in the emerging markets category. But it gave up all gains later in the day and closed 0.7 percent lower.

Dubai’s index fell 1.5 percent as most stocks fell. Abu Dhabi’s bourse edged up 0.3 percent supported by Etisalat. QNA/Reuters

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