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QSE ends Wednesday down on trading decline

QSE ends Wednesday down on trading decline
The general index inched down 0.14%, or 11.95 points, to 8,608.1 points.

Mubasher: The Qatar stock exchange (QSE) ended Wednesday in the red, dragged down by the fall of five sectors, coinciding with trading decline.

The general index inched down 0.14%, or 11.95 points, to 8,608.1 points.

By the end of the session, market capitalisation levelled up 0.04% to QAR 477.25 billion from QAR 477.06 billion on Tuesday.

The QSE’s liquidity decreased to QAR 198.80 million on Wednesday from QAR 236.10 million on Tuesday, while the trading volume went down to 8.61 million shares against 9.55 million in the previous session.

The real estate sector topped the losers falling 1.26% after Barwa Real Estate Group declined 1.52%.

Similarly, the industrial sector went down 0.47% on the back of industries Qatar’s 1.23% drop.

On the flipside, the backing sector topped the gainers adding 0.35% after Ahli Bank’s stock surged 7.23%, the highest level in 19 months.

The transportation sector inched up 0.09% as Gulf Warehousing Company and Qatar Gas Transport added 1.11% and 0.68%, respectively.

Mazaya Qatar Real Estate Development, which jumped 2.12%, spearheaded the QSE’s trading volume with 2.05 million shares, while United Development Company, which declined 0.49%, topped the bourse in terms of liquidity,   generating QAR 19.6 million.