Supported by blue chip stocks, Qatar Exchange's (QE) market capitalisation increased by QR10.6bn to QR533.1bn last week. Total trade dropped by 3.3 percent to QR1.45bn, with the presence of special deals between more than one company.
The benchmark index rose by 185 points, up1.92 percent to reach 9837.5 points. The all-share indexes rose by 43.7 points or 1.80 percent to 2466.7.
The rise of benchmark index and all-share indexes resulted from the increase in scrip prices of all sectors. While the industrial sector index accounted for 3.1 percent, the index of banking and financial sector increased by 1.77 percent.
The transportation sector index rose by 1.41 percent, real estate sector by 0.97 percent, telecommunication sector by 0.65 percent, consumer goods and services sector by 0.41 percent, and the insurance sector by 0.29 percent.
The share price of 29 companies increased, while that of 11 decreased. The share price Masraf Al Rayan and Cinema remained unchanged. Islamic Holding Group gained the highest at 4.46 percent, followed Industries Qatar (4.25 percent), QNB (3.75 percent), Gulf International (3.17 percent), and the share prices of both Qatar Electricity & Water and Qatar Insurance Company increased by 2.58 percent.
On the flip side, the share price of General Insurance decreased by 4.91 percent, followed by Doha Insurance (3.29 percent), Dlala (2.11 percent), Al Khaleej Takaful (1.40 percent), Widam (1.13 percent) and Mazaya (0.96 percent).
With regard to liquidity, the total trading volume decreased by 3.3 percent to QR1.4521bn, and the average of daily trading decreased to QR290.4m compared to QR300.4m the previous week. The total share trading of top six companies amounted to about QR855.3m, which represented 58.9 percent of the total value. Industries Qatar topped the trading value by QR224.3m followed by UDC at QR214.7m.
Non-Qatari portfolios bought a net worth QR85.7m and the Qatari portfolios bought a net of QR46.8m, while Qatari individuals sold net worth of QR106.9m and non-Qatari individuals sold stocks worth QR25.2m.
The bourse recovered last week, supported by the main liquid supplier and drove the index back to the pre-Eid vacation level. All groups rose with the exception of trading volumes, which witnessed a limited drop.
© The Peninsula 2013
