ID :
164436
Sun, 02/27/2011 - 14:19
Auther :
Shortlink :
https://oananews.org//node/164436
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Qatar Exchange Lost 5.65% Last week
Doha, February 26 (QNA) - Qatar Exchange (QE) will resume trading Tomorrow (Sunday) with hope to recover from the big loss of its index last week.
The QE index lost 491.80 points, or 5.65%, by the end of trading last week in Thursday, to close at 8,211.27 points.
Most investors in Qatar Exchange attribute this change to the demonstrations that spread across the Middle East in recent months.
But when asked by Qatar News Agency: why would unrest in North Africa affect a stock market exchange in the Gulf? Investors struggled to find the connection.
Attempts to find an answer to the question resumed to no avail until Sameh Samir, an investor, said: "It's about what you expect, you think this (a given stock) is going up you buy it. You fear another will drop so you sell it".
One reason that might explain the change in Qatar Exchange's market value is that the value is determined by the buyers' and sellers' expectations as much as any other factors. More importantly is that these expectations are likely to be irrational feelings such as fear rather than being based on an analytical approach.
Trading value during this week decreased by 1.49% to reach QR 1,835,458,037.56 compared to QR 1,863,170,282.96. Trading volume decreased by 20.99% to reach 45,589,906 shares, as against 57,698,374 shares, while the number of transactions fell by 12.73%, to reach 26,068 transactions as compared to 29,872 transactions Market capitalization fell by 4.74% to reach QR 411,850,948,148.84 as compared to QR 32,347,857,773.67 at the end of previous week.
The Banking Financial sector led trading value during this week , accounting for 50.66% of the total trading value, followed by Services sector, which accounted for 34.58%. The Industrial sector ranked third, accounting for 13.49%, and finally followed by Insurance sector, which accounted for 1.27%.
The Banking Financial sector led trading volume during this week , accounting for 46.09% of the total trading volume, followed by Services sector, which accounted for 44.72%. The Industrial sector ranked third, accounting for 8.25%, and finally followed by Insurance sector, which accounted for 0.94%.
The Services sector led trading number of transactions during this week , accounting for 43.62% of the total number of transactions, followed by Banking Financial sector, which accounted for 42.60%. The Industrial sector ranked third, accounting for 11.82%, and finally followed by Insurance sector, which accounted for 1.95%.
Two companies of the 43 listed companies ended this week higher, while 39 fell and 2 companies unchanged The Masraf Al Rayan led trading value during this week , accounting for 15.17% of the total trading value, followed by QNB ,which accounted for 12.53%. The Industries Qatar ranked third, accounting for 10.63%.(
The QE index lost 491.80 points, or 5.65%, by the end of trading last week in Thursday, to close at 8,211.27 points.
Most investors in Qatar Exchange attribute this change to the demonstrations that spread across the Middle East in recent months.
But when asked by Qatar News Agency: why would unrest in North Africa affect a stock market exchange in the Gulf? Investors struggled to find the connection.
Attempts to find an answer to the question resumed to no avail until Sameh Samir, an investor, said: "It's about what you expect, you think this (a given stock) is going up you buy it. You fear another will drop so you sell it".
One reason that might explain the change in Qatar Exchange's market value is that the value is determined by the buyers' and sellers' expectations as much as any other factors. More importantly is that these expectations are likely to be irrational feelings such as fear rather than being based on an analytical approach.
Trading value during this week decreased by 1.49% to reach QR 1,835,458,037.56 compared to QR 1,863,170,282.96. Trading volume decreased by 20.99% to reach 45,589,906 shares, as against 57,698,374 shares, while the number of transactions fell by 12.73%, to reach 26,068 transactions as compared to 29,872 transactions Market capitalization fell by 4.74% to reach QR 411,850,948,148.84 as compared to QR 32,347,857,773.67 at the end of previous week.
The Banking Financial sector led trading value during this week , accounting for 50.66% of the total trading value, followed by Services sector, which accounted for 34.58%. The Industrial sector ranked third, accounting for 13.49%, and finally followed by Insurance sector, which accounted for 1.27%.
The Banking Financial sector led trading volume during this week , accounting for 46.09% of the total trading volume, followed by Services sector, which accounted for 44.72%. The Industrial sector ranked third, accounting for 8.25%, and finally followed by Insurance sector, which accounted for 0.94%.
The Services sector led trading number of transactions during this week , accounting for 43.62% of the total number of transactions, followed by Banking Financial sector, which accounted for 42.60%. The Industrial sector ranked third, accounting for 11.82%, and finally followed by Insurance sector, which accounted for 1.95%.
Two companies of the 43 listed companies ended this week higher, while 39 fell and 2 companies unchanged The Masraf Al Rayan led trading value during this week , accounting for 15.17% of the total trading value, followed by QNB ,which accounted for 12.53%. The Industries Qatar ranked third, accounting for 10.63%.(
