(MENAFN- The Peninsula)
Deepak John
|
The Peninsula
Doha, Qatar: The Qatar stock exchange (QSE) index broke the 10,000 point barrier in yesterday's trading to rise by 0.42 percent and add 42.04 points to reach 10,006.52 points. QSE figures attributed the recorded rise to the positive performance of the banks and financial services, industrials, real estate, insurance, consumer goods and services sector.
QSE general index closed at 10,006 points yesterday up from its previous closing on Sunday's trading at 9,964.48 points. During yesterday's session the volume of shares traded stood at 133,370 million from 116,749 million on Sunday and the value of shares reached QR404.442m from QR303.241m on June 30, as a result of implementing 16,394 deals in all sectors. In the session, the shares of 29 companies rose, while the prices of 20 companies decreased, and six companies maintained their previous closing price.
At the end of the trading session, the market capitalisation reached QR578.210bn, compared to the last trading session, which amounted to QR575.791bn. The indices of five sectors ended in green zone yesterday.
QSE Total Return Index gained 0.42 percent to 22,506.69, QSE Al Rayan Islamic index added 0.40 percent to 4,649.22 points and QSE All Share Index rose 0.44 percent to 3,498.61 points. The indices of banks and financial services, industrials, real estate, insurance and consumer goods and services gained 0.50 percent, 0.50 percent, 0.28 percent, 1.25 percent, and 0.91 percent respectively.
Top gainers in yesterday's trade were Qatar Insurance, Dukhan Bank, Qatar Fuel, Gulf International Services, Qatar Islamic Bank rising by 2.04 percent, 1.8 percent, 1.5 percent, 1.5 percent, and 1.5 percent respectively. While Qatar Cinema and Film Distributing, Masraf Al Rayan, Qatar Oman for Investment Holding, and Mazaya Real Estate Development lost 6.8 percent, 1.2 percent, 1.1, 1.1 percent, and 0.9 percent respectively.
QSE index concluded the last week with an increase of 2.67 percent, gaining 259.400 points to reach the level of 9,961 points. The index continued to rise for the fifth consecutive week and 18th consecutive day heading toward the largest weekly gains since December 28.
The demand witnessed last week for foreign portfolios to purchase as a result of the growing confidence in the Qatari economy which is confirmed by the ratings of international credit agencies, stresses the QSE's efforts to diversify the products and investment channels for investors.
Qatar Electronic Systems Company (Techno Q) on Wednesday (last week) successfully listed its shares on the Qatar Stock Exchange Venture Market (QEVM), raising QEVM listed companies to 54.
The shares of Techno Q were listed through the 'Direct Listing' mechanism, a common mechanism in all regional markets, which allows companies to be listed without an IPO.
In addition to this the investors' will turn eyes towards the results of listed companies in July during the second quarter of this year.
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