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Qatar stock exchange stumbles
Elsayed Solyman Published in Bikya Masr on 03 - 04 - 2012

CAIRO: The Qatari index has snapped an eight session rally streak on Tuesday, to finish losing 13.94 points or 0.16% from the previous closing of 8849.30.
Among the top losers in today session were Rayan whose shares dropped by 0.54% to QR27.60, Gulf International fell 1.75% to QR25.25, and Islamic Holding down 3.21% to QR23.22.
Value of shares was up to QR 398,516,560.81.18 from QR 313,607,399.18 on Monday, but volume of shares was down to 10,894,377 from 13,401,315 yesterday.
“Markets cuts its rally in today session was back to speculation on some lead equities in the market, and this gives us a good reason, why the value of trade was up in today session, although volume of shares was down” an analyst told BikyaMasr.com.
Ahmed al- Hassan, an analyst in a brokerage firm, thought that market will continue its rally in the coming few sessions.
Today the Banking and Financial sector lost 6.89 points while the Insurance sector added to 24.39 points. The Qatar industrial sector lost 10.70 points and the Services sector gained 21.18 points.
The index hit its highest rate in 12 weeks on Monday.
BMels

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