Qatar Stock Exchange loses 3 billion of its market value in a week

Al-Anbat- Yasmin Tashli

 The Qatar Stock Exchange incurred losses of 11 billion Riyals (3 billion dollars) during last week's trading.

The weekly trading report issued by the Qatar Stock Exchange on Saturday, stated that the market value of traded shares closed at 757 billion riyals at the end of last week, compared to 768 billion riyals at the end of the week before last.

The general index of shares closed at the level of 13397 points, down by 1.73 percent, by 235 points.

According to the report, the value of stock trading amounted to 5.4 billion riyals, as a result of executing more than 98,000 deals, indicating an increase in the shares of 27 companies, and a decline in the shares of 19 companies.

At the level of sectorial contribution, the indicators of 4 sectors declined during the past week, led by the real estate sector, which fell by 5.6%, followed by the industry sector index, which decreased by 2.6% , then the telecommunications sector index, which decreased by 0.75 % , and finally the insurance sector index, which decreased by 0.44 %.