Qatari financial markets newsletter
BSS NEWS BITES ALERTS ISSUED FOR QATAR MARKET ON THURSDAY 19 OCTOBER 2017
NEWS BITES - MIDDLE EAST & NORTH AFRICA
Total Qatar Market down 18.48 points or -0.2% to 9,067.54
BSS News Bites issued 4 Alerts on notable trading amongst the 40 Stocks traded on the Total Qatar Market today, of which 3 (75%) were Bearish.
Among the sectors, Consumer Goods & Services slipped 0.28 percent, Industrials weakened 0.14 percent, while Insurance gained 2.04 percent.
Of all the Alerts, the following were the most prominent in today's trading:
HEAVYWEIGHT MARKET LEADERS
+ Industries Qatar, Qatar's largest chemicals company by market capitalisation, has increased 0.7% to trade at QAR94.05 vs. the QE Index which strengthened 28.1 points (or 0.3%) to 8,172.2. Representing a weighting of about 16.3% of the index, the stock accounted for 33.3% of today's gain. The shares have outperformed 95% of the market in the past month. Compared with the QE Index which rose 28.1 points (or 0.3%) in the day, this represented a relative price increase of 0.4%.
+ Qatar Insurance, Qatar's largest insurance company by market capitalisation, has decreased 0.7% to trade at QAR46.29 vs. the Insurance sector which weakened 58.3 points (or 0.6%) to 9,995.4. Representing a weighting of about 71.0% of the sector, the stock accounted for 89.2% of today's loss. The shares have underperformed 95% of the market in the past week. Trading volume was 52% of average at the end of the day. Compared with the QE Index which rose 28.1 points (or 0.3%) in the day, this represented a relative price change of -1.1%.
BSS News Bites alerted Consecutive Falls in 1 Stock through the day:
|Headline||Last||O/all Price Change||VI (1 is avg.)|
|The Investors keeps sliding: down 11.0% in 4 days 19 October 2017 10:06 AST, it closed at QR31.44||QR31.44||-11.0 dirhams [-0.35%]||0.1|