Qatari financial markets newsletter
BSS NEWS BITES ALERTS ISSUED FOR QATAR MARKET ON THURSDAY 22 JUNE 2017
NEWS BITES - MIDDLE EAST & NORTH AFRICA
Total Qatar Market up 270.45 points or 2.79% to 9,960.42
BSS News Bites issued 5 Alerts on notable trading amongst the 41 Stocks traded on the Total Qatar Market today, of which 2 (40%) were Bullish.
Of all the Alerts, the following were the most prominent in today's trading:
HEAVYWEIGHT MARKET LEADERS
+ Qatar National Bank, Qatar's largest bank by market capitalisation, has lifted 3.4% to trade at QAR127.50 vs. the QE Index which strengthened 236.1 points (or 2.7%) to 9,018.2. Representing a weighting of about 31.3% of the index, the stock accounted for 39.7% of today's gain. Trading volume was 2.2 times average at the end of the day. Compared with the QE Index which rose 236.1 points (or 2.7%) in the day, this represented a relative price increase of 0.7%.
+ Qatar Insurance, Qatar's largest insurance company by market capitalisation, has lifted 2.3% to trade at QAR67.50 vs. the Insurance sector which strengthened 254.4 points (or 2%) to 13,187.9. Representing a weighting of about 78.4% of the sector, the stock accounted for 90.5% of today's gain. Trading volume was 12% of average at the end of the day. Compared with the QE Index which rose 236.1 points (or 2.7%) in the day, this represented a relative price change of -0.4%.
BSS News Bites alerted Consecutive Falls in 2 Stocks through the day:
|Headline||Last||O/all Price Change||VI (1 is avg.)|
|Zad Holding down 5.3% in 2 days 22 June 2017 10:06 AST, it closed at QR74.50||QR74.50||-250.0 dirhams [-3.25%]||0.1|
|Al Khalij Commercial Bank keeps sliding: down 7.8% in 4 days 22 June 2017 10:06 AST, it closed at QR12.89||QR12.89||29.0 dirhams [2.3%]||0.1|