QSE main index edges down 0.07% in week

QSE main index edges down 0.07% in week
(Photo Credit: Arabianeye-Reuters)

Doha – Mubasher: The benchmark index of the Qatar Stock Exchange (QSE) lost 0.07% or 7.49 points to reach 10,103.35 points by the week ended 18 May.

QSE’s market cap declined 0.56%, or QAR 3.04 billion to QAR 537.49 billion ($147.48 billion), compared to QAR 540.53 billion ($148.31 billion) in the past week.

Turnover decreased by 14.77% to reach QAR 1.02 billion this week, compared to QAR 1.2 billion a week ago, while trading volume went down 1.12% to reach 44.29 million shares, compared to 44.8 million shares in the prior week.

The number of transactions edged down by 12.96% to 13,030 this week, from 14,970 the last week.

The banks sector acquired 38.25% of the market’s overall liquidity this week, followed by the real estate, telecom, and industrial segments which acquired 21.45%, 15.69%, and 9.37%, respectively.

Meanwhile, the telecom sector acquired 35.53% of the market’s trading volume, followed by the banks, real estate, and industrial sectors which acquired 30.09%, 22.99%, and 3.58%, respectively.

Source: Mubasher