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QSE closes in red on Sunday

QSE closes in red on Sunday
Trading value shrunk to QAR 130.5 million from QAR 491.29 million on Thursday, while volume dropped sharply to 7.9 million shares from 17.1 million

Mubasher: The general index of Qatar Stock Exchange (QSE) fell at close on Sunday, weighed down by the decline of six sectors and several leading shares.

The general index fell 0.41% or 34.30 points to 8,375.18 points after Industries Qatar lost 1.12%, Masraf Al Rayan dropped 0.78%, and Qatar National Bank (QNB) inched down 0.02%.

The retreating sectors were led by real estate, which declined by 1.09% pressured by the slip of three shares topped by Mazaya Qatar’s 1.86% drop.

The banking sector tumbled 0.53%, pressured by Qatar Oman Investment fell 3.49%, which led the sector’s fallers.

Meanwhile, the insurance sector was the sole gainer, adding 1.28% backed by the rise of Qatar General Insurance and Reinsurance (QGRI), which surged 9.98%.

Trading value shrunk to QAR 130.5 million from QAR 491.29 million on Thursday, while volume dropped sharply to 7.9 million shares from 17.1 million.

Vodafone Qatar decreased 0.61% and was the most actively-traded in terms of volume and value with a 3.91 million shares at a value of QAR 31.01 million.