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QSE closes Monday down amid higher trades

QSE closes Monday down amid higher trades

Mubasher: The Qatar Stock Exchange’s (QSE) general index continued its slide on Monday despite an improvement in trades, affected by a drop in six sectors led by real estate and industry.

The general index shed 0.24% to reach 7,856.99 points, losing 18.64 points.

By Monday’s closing, QSE market capitalisation declined 0.5% losing QAR 2.3 billion to reach QAR 423.3 billion, compared to QAR 425.6 billion.

During the session, six sectors witnessed a decrease topped by real estate with 2.95% due to the 5% drop in Ezdan, followed by Mazaya Qatar with 3.71%.

The industrial sector went down 0.13% as a result of Qatar Industrial Manufacturing Company’s (QIMC) 5.92% drop.

Meanwhile, the banking sector rose 0.18% on the back of four stocks led by the Commercial Bank of Qatar (CBQ), which closed in the green zone, adding 2.48%.

Liquidity increased to QAR 167.34 million from QAR 91.83 on Sunday, while traded volume leveled up to reach 5.46 million shares against 3.02 million in the last session.

As for the most active stock, Mazaya’s stock, down 3.71%, topped the QSE in terms of traded volume with 694,200 stocks, while the Qatar National Bank (QNB), down 0.01%, topped the list in terms of liquidity with QAR 33.3 million.