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QSE gains 120 pts at Monday’s close

QSE gains 120 pts at Monday’s close
The bourse’s liquidity increased to QAR 1.2 billion on Monday

Mubasher: The Qatar stock exchange (QSE) ended Monday’s trading session in positive territory, hitting the highest level since April 2017, supported by the growth of six sectors and Qatar Petroleum’s announcement of listing Qatalum on the QSE by mid-December.

The general index hiked 120.24 points, or 1.18%, to close at 10,274.45 points.

The bourse’s liquidity increased to QAR 1.2 billion on Monday from QAR 89.6 million on Sunday, while the trading volume jumped to 9 million shares against 4.5 million in the previous session.

The real estate sector topped the QSE’s risers adding 2.8% due to Ezdan Holding Group’s 4.3% jump, while the banking sector rose 1.56% as the heavyweight Qatar National Bank (QNB) levelled up 1.64%.

On the flip side, the goods and services sector was the bourse’s only decliner falling 0.34% as Mannai Corporation retreated 2.34%.

By the end of the session, QNB’s stock led the QSE in terms of liquidity with QAR 68.4 million, while Mazaya Qatar Real Estate’s stock, which plunged 0.63%, spearheaded the market in terms of trading volume with 1.5 million shares.