Business
Qatar share index closes lower
Qatar share index closes lower
QNA/Doha
Qatar Stock Exchange (QSE) index dropped 148.47 points or -1.28% on Tuesday, closing at 11,415.09 points.
The market capitalisation declined to QR 602.91bn from QR 608.07bn registered on Monday.
The daily turnover declined to QR 407.66mn with a volume of 9,172,013 shares from 5,417 transactions from QR 981.56mn with a volume of 25,735,651 shares from 7,039 transactions.
Indices of all sectors ended the day in the red with telecoms index dropping the most by -3.69% to 928.4 points.
From the 43 companies listed on QSE shares of 41 exchanged hands. Of these, 31 dropped, nine gained and one remained unchanged.
Index drops 1.88% in August
QSE index dropped 221.66 points, or -1.88%, when it closed the month at 11,563.56 points in August compared with the previous month.
The market capitalisation fell 2.93% at the end of August to QR 608bn compared to QR 626bn at the end of July.
The turnover in August rose 95.25% to QR 6.748bn compared to QR 3.456bn in July.
The traded volume in August increased by 96.94% to 152,904,966 shares compared to 77,640,071 shares, while transactions rose 57.26% to 100,914 compared to 64,170 in July.
Banks and financial services topped the traded value in August with 41.37% of the total traded value. Industries accounted for 20.60%, real estate 18.93%, telecoms 7.20%, consumer goods and services 5.42%, insurance 3.66%, and transport 2.81%.
Real estate topped the traded volume with 32.82% of the total. Banks and financial services accounted for 30.67%, industries 13.62%, telecoms 12.77%, consumer goods and services 4.50%, transport 3.6% and insurance 1.95%.
Commercial Bank of Qatar topped the value of traded shares with 13.50% of the total value; Masraf Al Rayan 9.45%, Gulf International Services 8.56%, Qatar National Bank 8.51% and Barwa Reals Estate 8.48%.
QSE saw 22 days of trading in August compared to 19 days in July.
From the 43 listed companies 39 declined and four gained in August.