Published: Oct 01, 2014
Source: Peninsula Qatar


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Qatar stocks end month with modest gains, market cap touches QR736bn

Qatar stocks ended the month on a moderate gain, after the market witnessed a major pull back from third week of September. The month that saw the benchmark index hitting its record high of 14,350 by the third week, crashed to 13,728 points yesterday, but gaining 131.65 points, or 0.97 points, compared to the previous month. 

QNB, Qatar Electricity and Water and Ooredoo were the top gainers of the month. Developer Ezdan, Holding Group, which would be joining the benchmark index from today, surged by 13.93 percent.

Trading value during the month decreased by 23.38 percent to QR13bn from August. Trading volume fell by 17.39 percent to 323 million shares, while the total number of transactions decreased by 22.69 percent compared to August.

The banks and financial services sector led trading value during September, accounting for 40.48 percent of total, followed by real estate sector and the industrials. The banks and financial sector’s total trading value reached QR5.62bn, while real estate recorded QR2.23bn and industrials reached QR2.22bn.

Market capitalisation rose by 2.06 percent at the end of September to reach QR736bn compared to the previous month’s QR721bn. Total value of Ezdan was up 14.55 percent to QR2bn. QNB’s value rose by 9.06 percent to QR1.25bn; while Masraf Al Rayan and Industries Qatar rose 8.06 percent and 7.05 percent respectively to QR979m and QR590m. Vodafone Qatar rose by 4.25 percent to QR590m.

The trading volume was led by the real estate sector, accounting 43.59 percent of the total traded volume, followed by banks and financial services sector. 

Of the 43companies, 22 ended the month higher, while 21 fell.

After snapping six straight losing streaks on Monday, the benchmark index retreated yesterday shedding 0.84 percent. Barring consumer goods, the entire sector indices entered red zone. Industrial Qatar lost 2 percent, while Commercial Bank and QIB shed 2.36 percent and 1.91 percent respectively. Ezdan appreciated by 6.75 percent

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