Rising of all sectors except insurance
Improvement in prices of 41 stocks out of 47
Rise in the ‘average daily trading value’ to QAR 281.5 Million
02 July 2020
In a report accomplished by the Group Securities Company on the performance of Qatar Stock Exchange ‘QSE’ during the 2nd quarter 2020, it reflected the rising of the QSE index by nearly 9.6% to 8998 points, adding 791 points. The index performance during the month of April this year, was the best in the quarter, as it climbed 6.78%. The index further ascended 0.92% during May and 1.74% during June this year.On the corporate side, 41 listed shares trended up vis-à-vis 6 plunging shares.Sectoral-wise, the 2nd quarter witnessed the escalation of all sectors except insurance. The index was led by the industrial sector soaring 23%, followed by real estates by 22% and transportation by 21%. The insurance sector broke the trend and lost 1.6% of its value throughout. Touching on the corporate level, the top risers were led by Dlala Holding which added 222% to its value, followed by Medical Devices rising 217%, Inma Holding (formerly Islamic Holding) by 162% and Salam International by 121%.Top faller corporates were led by Qatar Insurance by 9%, Mannai Corporation by 5% and Commercial Bank by 2.5%.