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Blue chips pull QSE down Thursday

Blue chips pull QSE down Thursday
The general index inched down 22.65 points, or 0.25%, to 9,096.36 points.

Mubasher: The Qatar stock exchange (QSE) ended Thursday in the red, dragged down by the fall of three sectors.

The general index inched down 22.65 points, or 0.25%, to 9,096.36 points.

By the end of the week’s last session, market capitalisation levelled down 0.3% to QAR 487.36 billion from QAR 489 billion on Wednesday.

The QSE’s liquidity decreased to QAR 135.54 million during the last session of this week from QAR 167.76 million on Wednesday, while the trading volume went down to 5.69 million shares against 6.92 million in the previous session.

The insurance sector topped the QSE’s three losers falling 1.26, pressured by Al Khaleej Takaful Group’s 7.51% drop.

The goods and services sector inched down 0.07% as Mannai Corporation declined 1.18%.

On the flipside, the industrial sector topped the market’s gainers adding 0.26% after Qatar Electricity and Water Company rose 0.98%.

Similarly, the banking sector levelled up 0.25% on the back of the Commercial Bank’s 5.78% hike.

Qatar First Bank’s stock, which advanced 1.21%, led the bourse in terms of trading volume with 2.06 million, while Masraf Al Rayan topped the market in terms of liquidity with QAR 14.38 million.