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Doha: Having taken a marginal beating on Sunday, a day after a blast hit a play theatre in Doha, trading sentiment at the Doha Securities Market(DSM)  Join our daily free Newsletter

MENAFN - The Peninsula - 22/03/2005

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Doha: Having taken a marginal beating on Sunday, a day after a blast hit a play theatre in Doha, trading sentiment at the Doha Securities Market (DSM) returned to normalcy yesterday with the index showing a slight gain.

"It is clear, the explosion has had no adverse impact on the booming stock market, " said an analyst, as the index edged up by 15 points at the end of trading yesterday.

"If there was an impression created on Sunday that trading was going to the negatively impacted from then onwards, it was a faulty impression," added the analyst.

The value of traded shares continued to remain high at about QR500m two weeks ahead of the deadline for the market's partially opening up to foreign investors.

Number of transactions were unaffected at more than 3,900 and market capitalisation figures maintaining their momentum at around QR330bn.

The market index, with a 14.99 point gain, yesterday remained well above 11,000 mark, reaching 11,239.77 points.

Capitalisation was over QR329.1bn, while the number of transactions concluded was 3,954.

The volume of shares traded was 3,080,645 whereas the total value of shares traded was QR498.79m. Gainers were Qatar National Bank, Qatar Islamic Bank, Doha Bank, Qatar Industrial Manufacturing Company, Qatar Flour Mills, Industries Qatar, UDC, Qatar German Medical, Qtel, Qatar Real-Estate, Ijarah, Qatar Cinema and Film Distribution, Qatar Fuel, Mawashi and Makhazin.

Salam International which yesterday announced a 1:10 bonus, continues to surprise traders with a steady gain. Its share price touched an all-time high of QR61.40 yesterday.

Losers included Commercialbank, Ahli Bank, Qatar International Islamic Bank, Qatar Insurance Company, Doha Insurance Company, Al Khaleej Insurance Company, Qatar Islamic Insurance Company, Qatar National Cement, Qatar Electricity and Water Company, Q-Shipping, Qatar National Navigation, Ahli Hospital and Qatar Technical Inspection.

 






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