Mubasher: The Qatar Stock Exchange (QSE) closed the week ended 28 December down after the main index decreased 1.1%, or 95.34 points, to close the week at 8,526 points.

Market capitalisation went down 0.6%, or QAR 3 billion, to QAR 472.7 billion over the week, from QAR 475.7 billion in the prior week .

The QSE’s liquidity slid 9.76% to QAR 1.26 billion from QAR 1.39 billion the previous week, while the number of transactions tumbled 12.4% to 14,600 against 16,600.

The market’s trading volume increased 2.5% to 61.9 million shares this week versus 60.4 million last week.

Meanwhile, the banking sector topped the QSE in terms of trading value with 56.97%, followed by the industrial, real estate, and telecommunication sectors which recorded 14.32%, 9.02% and 7.31%, respectively.

Qatar National Bank’s (QNB) stock led the market in terms of trading value, making up 34.2% of the market, followed by Qatar First Bank (QFB) and Vodafone Qatar with 8.7% and 6.1%, respectively.

The banking sector also topped the bourse in terms of volume, registering 42.28% of the QSE’s total traded volume, followed by the industrial, telecommunication, and real estate sectors with 23.23%, 15.26%, and 12.185, respectively.

Industries Qatar’s stock acquired 16.5% of the market’s trading value, while QNB’s and Masraf Al Rayan’s stocks accounted for 12.6% and 9.5%, respectively.

During the week, 23 stocks dropped, spearheaded by Ooredoo, which lost 5.4%, while 18 stocks increased topped by QNB’s 24.3% surge, while four sectors were stable.