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Real estate, banks boost QSE at Tuesday’s close

Real estate, banks boost QSE at Tuesday’s close
The banking sector grew 0.99%

Mubasher: The Qatar stock exchange (QSE) ended Tuesday’s trading session in the green, encouraged by the growth of five sectors, amid low liquidity.

The general index rose 0.86%, or 82 points, to close the mid-week session at 9,638.60 points.

The bourse’s liquidity decreased to QAR 130.59 million on Tuesday from QAR 159.99 million on Monday, while the trading volume went down to 4.46 million shares against 4.90 million in the previous session.

The real estate sector topped the QSE’s risers adding 1.03% as Barwa Real Estate and Ezdan Holding Group levelled up 1.64% and 0.94%, respectively.

Similarly, the banking sector grew 0.99% after Masraf Al Rayan added 2.11%, while the industrial sector advanced 0.70% as Qatar Electricity and Water Company levelled up 1.6%.

On the flipside, the telecommunication sector headed the bourse’s decliners falling 0.23% as Vodafone Qatar went down 0.56%, while the goods sector levelled down 0.18%.

By the end of the session, the heavyweight Qatar National Bank’s (QNB) stock, which went up 0.93%, led the QSE in terms of liquidity with QAR 33.8 million, while Mazaya Qatar’s stock, which retreated 0.14%, topped the market in terms of trading volume with QAR 748,600 shares.