Qatar Exchange Weekly Index Drops 2.76%

Doha (QNA) - Qatar Exchange index dropped 246.69 points (2.76%) during the week (February 13 to 17) to close at 8,703.07 points, according to the weekly summary of the bourse.
Of the 43 listed companies 27 dropped, 14 ended the week with gains while two maintained status quo.
Masraf Al Rayan led the trading value during this week accounting for 16.33% of the total trading value followed by Industries Qatar which accounted for 11.39%. Barwa Real Estate came third with 8.80%.
Trading value during this week decreased by 36.57% to reach QR 1,863,170,282.96 compared to QR 2,937,374,760.08.
Trading volume decreased by 29.70% to reach 57,698,374 shares, as against 82,080,055 shares, while the number of transactions fell by 22.70%, to reach 29,872 transactions as compared to 38,646 transactions.
Market capitalisation fell by 2.46% to reach QR 432,347,857,773.67 compared to QR 443,239,885,292.40 at the end of previous week.
The services sector led trading value during this week. It accounted for 42.82% of the total trading value followed by banking and financial sector which accounted for 41.72%. Industrial sector ranked third accounting for 14.48%followed by insurance sector which accounted for 0.99%.
The services sector led trading volume during this week accounting for 59.23% of the total trading volume. Banking and financial came next with 33.21%. Industrial sector ranked third, accounting for 6.98% followed by insurance sector, which accounted for 0.58%.
The services sector led trading number of transactions during this week with 51.24% of the total transactions. Banking and financial sector was next with 35.11% of the transactions. Industrial sector ranked third, accounting for 12.58% followed by insurance which accounted for 1.07%.