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QSE retreats below 10,000 pts, sheds over 560 pts in week

QSE retreats below 10,000 pts, sheds over 560 pts in week
The QSE’s market capitalisation declined 6.4%

Mubasher: The Qatar Stock Exchange’s (QSE) general index plunged 563.69 points, or 5.37%, to finish the week ended 14 February at 9,941 points.

The QSE’s liquidity retreated 14.42% to QAR 900.3 million at the end of this week, from QAR 1.05 billion a week earlier, while trading volume dropped 23.32% to 29.40 million shares, versus 38.35 million.

Meanwhile, the QSE’s market capitalisation declined 6.4% to QAR 565.64 billion during the second week of February, compared to QAR 604.3 billion in the prior week ended 7 February.

The real estate sector led decliners with 10.76%, followed by the industrials and telecommunications sectors, which slid 7.58% and 4.99%, respectively.

During the week, five stocks, out of a total of 46 firms listed on the QSE, ended in the green.

The heavyweight Qatar National Bank’s (QNB) stock spearheaded the QSE in terms trades, accounting for 23.43%, followed by the stocks of Industries Qatar and Qatar Islamic Bank (QIB) which made up 8.98% and 6.99%, respectively.