Qatar Exchange Weekly Index Drops 0.86%

Doha, May 19 (QNA) - Qatar Exchange index dropped marginally (0.86%) during this week to close at 8,636.79 points, losing 74.07 points.
Six of the 42 listed companies ended this week higher while 31 fell and five maintained status quo.
The Masraf Al Rayan led trading value during this week accounting for 17.44% of the total trading value followed by Qatar National Bank which accounted for 16.58% while Industries Qatar came third accounting with 12.43%.
Market capitalization rose by 3.64% to reach QR 459,635,381,934.68 as compared to QR 443,476,155,967.09 at the end of previous week.
Trading value during this week decreased by 39.23% to reach QR 937,341,121.75 compared to QR 1,542,440,024.87 the previous week.
Trading volume decreased by 36.57% to reach 23,000,500 shares, as against 36,260,531 shares, while the number of transactions fell by 28.41%, to reach 16,569 compared to 23,143 transactions last week.
The banking and financial sector led trading value during this week accounting for 42.83% of the total traded value, followed by the services sector which accounted for 38.13%. Industrial sector came next with 15.76% followed by the insurance sector with 3.27%.
The services sector led the trading volume during this week accounting for 47.33% of the total traded volume. Banking and financial sector came next with 42.11%. Industrial sector ranked third accounting for 8.05%, followed by insurance sector with 2.51%.
The services sector had the maximum number of transactions at 47.9% of the total traded transactions. Banking and financial sector was next with 36.65% followed by industrial sector with 11.62% and lastly the insurance sector with 3.83%. (QNA)