QSE Index Continues To Gain 4.08%, Traded Value Reaches QR3.02bn

Doha: Qatar Stock Exchange (QSE) has been at the core of the ongoing development of Qatar’s capital markets.

The QSE achieved remarkable progress as a platform for economic diversification and sustainable development.

These achievements are evidenced by the trading performance and infrastructure improvements, social responsibility activities and the improvement of services and investment products.

In a post on its X platform, yesterday Qatar Stock Exchange posted, “QSE Index continues to gain a 4.08 percent from last week, which reflecting on the total volume reaching 1,220,844,006 shares and traded value amounting to QR3.02 billion, marking its strongest five-day performance in recent months.”

The QSE opened the week on a positive note with its benchmark index gaining 85.53 points or 0.78 percent to 10,768.19 points, yesterday.

The QSE market capitalisation witnessed an uptick yesterday to reach QR636.900bn compared to QR631.271bn at the end of the previous trading session.

This increase was supported by positive performances across various sectors as the indices of all seven sectors ended in green zone.

The volume of shares traded reached 183.73 million yesterday from 194.87 million on Thursday and the value of shares amounted to QR406.82m from QR477.90m on June 26 as a result of implementing 14,675 deals in all sectors compared to 20,416 in the previous session.

Meanwhile the shares of 48 companies rose, while the prices of five companies decreased, and two companies remained unchanged.

QSE Total Return Index gained 0.78 percent to 25,403.17, QSE Al Rayan Islamic index increased by 0.72 percent to 5,122.95 points and QSE All Share Index was up 0.89 percent to 3,979.26 points. 

The insurance sector made the most gains yesterday, up substantially by 2.70 percent to 2,406.73 points followed by industrials up by 1.15 percent to 4,290.67 points.

This was followed by the banks and financial services index which gained 0.83 percent (4,958.31 points), consumer goods and services 0.78 percent (8,096.19 points), telecoms 0.63 percent (2,188.70 points), transportation 0.60 percent (5,891.12 points), and the real estate sector 0.06 percent (1,638.49 points).

Mannai Corporation, Qatar General Insurance and Reinsurance, Qatar Insurance, Gulf Warehousing, and Baladna Company were among the top gainers which witnessed an increase of 10 percent, 3.8 percent, 3.6 percent, 3.1 percent and 2.8 percent, respectively. 

On a weekly basis the market capitalisation of the stock exchange increased approximately QR25.87bn reaching QR631.27bn. 

The announcement by the Qatar Investment Authority regarding the launch of an active investment portfolio worth $200m and the ending of war between Iran and Israel has contributed to confidence of traders.

QSE has been the catalyst for the development of Qatar’s capital markets through innovation, transparency and sustainable growth.