QE trade value down 44%

The Qatar Exchange (QE) showed a mixed performance during the two trading days of the week that started on August 22. The official QE index increased by 0.20 percent over previous week’s closing and finished the week at 8,503.64 points on Thursday.

The Alshall index (cap weighted) closed at 1,199.78 points, increasing by 0.50 percent compared to previous week’s closing at 1,193.87 points. Alshall index is produced by Alshall Economic Services, a Qatar-based business advisory services company.

Total value of trade during the two trading days was QR2,089,489,328. This represents a decrease of 43.8 percent compared to the value of QR3,714,348,295 in the five trading days of the week in the previous week. The consumer services sector led the trading, accounting for 91.4 percent of the total trading value, followed by the industrial sector which accounted for 4 percent, while the financial sector represented 2.5 percent of the total trading value.

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The number of shares traded decreased to 99,530,069 with a daily average of 49,765,035 shares; this was lower by 40.1 percent as compared to the previous week’s number of shares to 166,215,632. The number of transactions fell down to 4,333 with a daily average of 2,167 which is lower by 71.5 percent as compared to the previous week’s 15,211deals.

The top five leading companies in terms of value traded during the week were Ezdan Real Estate Company which represented 89 percent of the total value traded, followed by Qatari Investors Group (1.3 percent), Qatar Telecom (Qtel) (0.99 percent), Industries Qatar (0.97 percent) and Barwa Real Estate Company (0.95 percent).

The most active companies in terms of volume traded were Ezdan Real Estate Company which represented 93.4 percent of total volume traded, followed by Qatari Investors Group (1.1 percent), Barwa Real Estate Company (0.7 percent), Qatar Oman Investment Company (0.5 percent) and Qatar Gas Transport Company Limited (Nakilat) (0.5 percent).

Twentytwo stocks of a total 42 listed companies stocks advanced and ended the week at higher prices than their previous week last trading day’s prices, while twelve stocks declined and ended at lower prices than their previous week last trading day’s prices and eight stocks remained unchanged.

source: Qatar Tribune