QSE market capitalisation at QR571.2bn during week: QNBFS
September 10 2020 09:45 PM
QSE
QSE

The Qatar Stock Exchange (QSE) index decreased by 0.74% during the week ended on Thursday to close at 9,763.78, QNB Financial Services (QNBFS) has said in a report.

Market capitalisation decreased by 0.4% to reach QR571.2bn compared to QR573.3bn at the end of the previous week.

Of the 47 listed companies, some 14 companies ended the week higher, while 28 fell and five remained unchanged, QNBFS said.

Inma Holding (IHGS) was the best performing stock for the week, with a gain of 10.0%. On the other hand, Mannai Corporation (MCCS) was the worst performing stock with a decline of 6.0%.

Commercial Bank (CBQK), QNB Group (QNBK) and Woqod (QFLS) were the primary contributors to the weekly index loss. CBQK was the largest contributor to the index’s weekly decline, removing 21.2 points from the index.

QNBK was the second biggest contributor to the mention losses, deleting 20.1 points from the index.

Moreover, QFLS erased 18.2 points from the overall index, QNBFS said.

Trading value during the week decreased by 29% to reach QR2,276.4mn versus QR3,205.7mn in the prior trading week. United Development Company (UDCD) was the top value traded stock during the week with total traded value of QR250mn.

Trading volume decreased by 28.8% to reach 1,456.9mn shares compared with 2,045.1mn shares in the prior trading week.

The number of transactions decreased by 19.4% to reach 48,855 versus 60,580 in the prior week.

Investment Holding Group (IGRD) was the top volume traded stock during the week with total traded volume of 381.6mn shares, QNBFS said.




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