The Qatar Stock Exchange (QSE) finished Tuesday’s trading session in green territory, encouraged by the massive growth of all sectors and firms’ positive first-half financial results.
The general index surged 183.04 points, or 1.94%, to close at 9,618.33 points, registering its highest level since the beginning of Arab boycott in June 2017.
The bourse’s traded volume reached 8.42 million on Tuesday, up from 4.56 million shares on Monday, while liquidity jumped to QAR 307.14 million, from QAR 154.13 million in the previous session.
The telecoms sector rose 2.16% as Ooredoo’s stock increased by 2.23%, while Vodafone Qatar’s stock grew 2.06%.
The banks and financial services sector levelled up 2.09% after Ahli Bank’s stock went up 4.24%, followed by Qatar Islamic Bank’s (QIB) stock with 3.35%. The stock of the heavyweight Qatar National Bank (QNB) rose 2.04%, while Dlala Brokerage and Investment Holding’s (DBIS) stock fell 2.50%.
The industrials sector levelled up 1.84% as Aamal Company’s stock gained 4.17%.
QNB’s stock led in terms of liquidity after generating a turnover of QAR 57.3 million, while Vodafone Qatar’s stock topped in terms of trading volume after 1.3 million shares were exchanged.
Seventeen firms of the QSE-listed companies announced their financial results, posting a 7.97% increase in their profits, recording QAR 7.28 billion in the second quarter of 2018, from QAR 6.74 billion during Q2-17, according to Mubasher’s statistics.
The firms’ profits rose 3.18% to QAR 14.45 billion in the period between January and June, compared to QAR 14.01 billion during H1-17.