By: Eman Ghaly

Mubasher: The Qatar Stock Exchange (QSE) closed the week ended 18 October in green territory, supported by announcing the companies’ financial results.

The main index increased 3.36%, or 331.48 points, to close the week at 10,193.01 points.

Market capitalisation went up 3.2%, or QAR 17.4 billion, to QAR 569.1 billion over the week, from QAR 551.7 billion in the prior week.

The bourse’s liquidity levelled up 33.8% to QAR 995.9 million from QAR 744.3 million in the previous week, while the number of transactions surged 59.9 to 20,000 against 12,700.

The market’s trading volume hiked 50.8% to 31.2 million shares this week versus 20.7 million last week.

Over the week, around 13 listed companies announced their financial results for the nine-month period ended 30 September, as their profits rose 2.1% to QAR 18.3 billion, compared to QAR 17.9 billion in the same period of the prior year, according to Mubasher’s recent survey.

The heavyweight Qatar National Bank’s profits were the highest with QAR 10.8 billion during the first nine months of 2018.

The industrial sector topped the QSE’s gainers adding 5.6%, followed by the goods, transportation and banking sectors with 3.9%, 2.6% and 2.2%, respectively.

During the week, 35 stocks advanced, spearheaded by Mazaya Qatar Real Estate, which added 12.1%, while 9 stocks decreased, topped by Dlala Brokerage and Investment Holding’s 5.3% drop, while Qatar General Insurance’s stock remained stable.

Translated by: Kholoud Mohamed Hussein