Posted on March 31, 2017
The Qatar Stock Exchange (QSE) declined for the second consecutive day on Thursday as both Qatari and foreign investors remained bearish during the day. The QSE 20 benchmark index lost 26.23 points, or 0.25 percent, to close trading at 10,390.60 points on the last day of the week.
The volume of shares traded on the bourse declined to 10.37 million against 11.55 million shares on a day that saw all sector indices, except the insurance sector, close in the negative territory. The All Share Consumer Goods and Services Index, which declined 0.89 percent, was the worst performer among all the indices on the bourse. The services sector was mainly weighed down by Medicare Group which fell 3.6 percent. The telecom sector and the banks and financial services sector, which slid 0.58 percent and 0.42 percent respectively, also weighed heavily on the bourse.
The banking sector was mainly hit by Ahli Bank that lost 5.29 percent on the day. Industries sector edged down 0.41 percent as Qatari Investors and Industries Qatar dropped 1.92 percent and 0.27 percent respectively. The turnover of the bourse rose to QR334.61 million from QR 289.37 million on Wednesday. Vodafone Qatar led the volume with about 1.94 million traded shares, while Qatar International Islamic Bank led the value leader with liquidity amounting to QR54.3 million. Out of the total 44 stocks listed on the bourse, only 42 traded on Thursday. From these, 14 gained, while 25 companies closed lower.
source: Qatar Tribune