Qatari stock alert
CLOSING UPDATE: MediCare Group in 7th consecutive fall, nears one-month low 20 September 2018 13:24 AST
NEWS BITES - MIDDLE EAST & NORTH AFRICA
This is an end of day Alert, produced after today's Qatar market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
MediCare Group, Qatar's largest health care company by market capitalisation, slipped further on Thursday, sliding an additional 95.0 Dirham (or 1.4%) to trade at QAR65.02. The stock decreased 1.13% on Tuesday and 0.89% on Wednesday bringing its 7-day fall to 4.4%. It is now approaching its 25-day low of QAR64.60. Compared with the QE Index which fell 4.9 points (or 0.05%) in the day, this represented a relative price change of -1.4%.
Morning Alert: MediCare Group decreases 1.4%, leads Consumer Goods & Services index lower
20 September 2018 10:06 AST
MediCare Group - Al-Ahli Hospital (QE:MCGS) has decreased 1.4% to trade at QAR65.04 vs. the Consumer Goods & Services index which weakened 19.7 points (or 0.3%) to 6,469.1. Representing a weighting of about 8.2% of the index, the stock accounted for 38.5% of today's loss. The shares have underperformed 92% of the market in the past week. Trading volume was 82.5 times average so far today.
MediCare Group - Al-Ahli Hospital (QA:MCGS; QD:MCGS)