Qatar Stocks Index Jumps 243.52 Points

Doha, August 13 (QNA) – Propelled by industrial and telecom sectors’ good run, Qatar Stock Exchange index Wednesday jumped 243.52 points when trading closed at 13,522.79 points, 1.83% higher than the previous day’s 13,279.27 points.

The trading value increased to QR 1.142 billion with a traded volume of 28,225,433 shares from 11,352 transactions.

Telecom sector index gained the most today, up 1.84% to 1,640.67 points. Industries’ index was up 0.70% to 4,408.08 points. Telecom services provider Vodafone Qatar emerged the top gainer today when it closed at QR 221.40, up 7.86% from the previous day’s QR 19.84.

Eight industrial sector companies noted gains today, barring The Investors group which was the only one to decline marginally by 0.51% to close at QR 58.60, down 30 dirhams.

Mesaieed Petrochemical Holding Company (MPHC) led the gainers from industrial sector. From QR 32.25 on July 21, its share jumped to QR 36 today, a 6.35% gain on Tuesday’s QR 33.85.

From the financial sector, Masraf Al Rayyan share was up 3.67% to QR 56.50 while Islamic Holding was up 3.59% to QR 86.50.

Of the 43 listed companies, 28 went up while 11 declined and three remained unchanged. (QNA)

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