By: Eman Ghali
Doha – Mubasher: The Qatar Stock Exchange (QSE) saw a negative performance in the week ended 12 January 2017.
The general index declined 0.07% or 7.87 pts to reach 10,709.47 points.
Initial public offering (IPO) of 60% of Investment Holding Group’s shares, and beginning of subscription to Commercial Bank of Qatar (CBQ), helped the market to see a calm trading throughout this week, financial analyst Ahmed Akl told Mubasher.
Liquidity amounted to QAR 1.08 billion this week, compared to QAR 1.13 billion last week. Trading volume reached 37.34 million shares, compared to 39.16 million shares.
Market capitalization stood at QAR 576.3 billion this week, compared to QAR 575.8 billion last week.
The banks and financial services sector topped gainers with a 30.52% rise, followed by the industrial, real estate, and consumer goods and services sectors at 24.9%, 19.41% and 9.71% respectively.
Alijarah Holding Company was the best performer after growing 5.59%, while Mazaya Qatar Real Estate Development led losers with a 2.63% decline.
Industries Qatar was the most active stock after acquiring 15.42% of the total trading volume, followed by Barwa Real Estate and Vodafone Qatar at 6.98% and 6.28% respectively.
The general index is expected to exceed 10,800 points to reach 11,000 or 11,200 points if financial results are positive, Akl said, adding that the index will decline to its support at 10,060 and 10,040 points if listed firms incur losses.
Translated by: Julian Nabil
