By: Eman Ghaly

Mubasher: The Qatar stock exchange (QSE) ended Monday’s trading session in green territory, supported by the growth of four sectors, amid high liquidity.

The general index rose 47.31 points, or 0.47%, to finish at 10,191.68 points.

The bourse’s liquidity increased to QAR 232.95 million on Monday from QAR 72.09 million on Sunday, while the trading volume levelled up to 4.69 million shares against 2.89 million in the previous session.

The increase in profits of 35 listed companies on the QSE by 16.1% year-on-year to QAR 9.3 billion in the third quarter of 2018 helped in supporting the bourse’s performance, according to a recent survey conducted by Mubasher.  

For the first nine months of 2018, profits of 35 companies jumped 13.7% to QAR 28.1 billion, compared to QAR 24.7 billion in the same period of the prior year.

The banking sector topped the QSE’s four gainers adding 1.1% as the Commercial Bank of Qatar (CBQ) and the heavyweight Qatar National Bank (QNB) rose 2.3% and 1.05%, respectively.

Similarly, the real estate sector levelled up 0.45% on the back of Barwa Real Estate’s 0.54% increase.

On the negative side, the industrial sector headed the bourse’s three losers falling 0.62% due to Gulf International Services’ 4.70% drop.

By the end of the session, QNB’s stock led the QSE in terms of liquidity with QAR 95.5 million, while Gulf International Services’ stock saw the highest trading volume with 616,500 shares.

Translated by: Kholoud Mohamed Hussein