THE Qatar Exchange (QE) showed a mixed performance during the five trading days of the week that started on November 4. The official QE index decreased by 0.36 percent over previous week’s closing and finished the week at 8,572.75 points on Thursday.
The Alshall index (cap weighted) closed at 1,201.76 points, decreasing by 0.78 percent compared to previous week’s closing at 1,211.17 points. Alshall index is produced by Alshall Economic Services, a Qatar-based business advisory services company.
Total value of trade during the five trading days was QR706,313,123. This represents an increase of 42.1 percent compared to the value of QR497,228,990 during the three trading days of the previous week.
The financial sector led the trading, accounting for 32.6 percent of the total trading value, followed by the industrial sector which accounted for 32.6 percent, while the consumer services sector represented 24.9 percent of the total trading value.
The number of shares traded increased to 14,969,954 with a daily average of 2,993,991 shares; this was higher by 60 percent as compared to the previous week’s number of shares to 9,353,680.
The number of transactions stood up to 10,737 with a daily average of 2,147 which is higher by 36.3 percent as compared to the previous week’s number of 7,879 deals .
The top five leading companies in terms of value traded during the week were Industries Qatar which represented 20.4 percent of the total value traded, followed by Qatar National Bank (12.5 percent), Qatar Company For Meat & Livestock Trading (Mawashi) (12 percent ), Masraf Al Rayan (7.9 percent) and Qatar Navigation (6.1 percent).
The most active companies in terms of volume traded were Qatar Oman Investment Company which represented 18.8 percent of total volume traded, followed by Masraf Al Rayan (14.1 percent), Qatar Company For Meat & Livestock Trading (Mawashi) (8.3 percent), Industries Qatar (6.3 percent) and Qatar Gas Transport Co. Limited (Nakilat) (5.4 percent).
Seventeen 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 22 stocks declined and ended at lower prices than their previous week last trading day’s prices and three stocks remained unchanged.