QSE jumps Thursday after 4 plunges

QSE jumps Thursday after 4 plunges
The general index rose 0.37% to reach 7,885.50 points

Mubasher: The Qatar Stock Exchange (QSE) ended Thursday’s trades in the green zone after four straight plunges.

The general index rose 0.37% to reach 7,885.50 points, winning 29.26 points.

Leading stocks boosted the index to increase on Thursday, as Qatar National Bank (QNB) grew 0.99%, Industries Qatar (IQ) and Masraf Al Rayan added 0.20% and 0.17%, respectively. The combined weight of these stocks in the general index exceeds 41%.

QSE market value increased 0.4% on Thursday reaching QAR 426.4 billion, compared to QAR 424.8 billion on Wednesday.

The trades witnessed an increase in five sectors topped by the consumer goods and services sector with 0.93%, due to the increase of six stocks led by Hamad Medical Corporation that rose 3.21%.

The banks and financial sector went up by 0.66% due to an increase in number of its stocks led by Qatar and Oman with 4.35%.

Meanwhile, two sectors fell topped by the real estate sector that declined 1.67% due to Ezdan’s 2.89% drop, and Barwa’s 0.11%.

The telecoms sector decreased 0.02% pressured by the fall of Ooredoo by 0.28%.

On Thursday, liquidity plunged to QAR 145.07 million, compared to QAR 636.47 million on Wednesday, whereas traded volume increased to reach 5.32 million shares’s versus 4.64 million shares in the last session. 

Ezdan Holding’s stock led in terms of traded volume with 714,600 shares, while QNB topped the liquidity with QAR 29.6 million.