The virus affects the Qatar Stock Exchange heavy losses

The virus affects the Qatar Stock Exchange heavy losses
The virus affects the Qatar Stock Exchange heavy losses

11/01 10:37

Ef = “/ tags / 124568-% D8% A8% D9% 88% D8% B1% D8% B5% D8% A9-% D9% 82% D8% B7% D8% B1”> Qatar Stock Exchange 3% during In October, due to the Arab boycott, the outbreak of the Coronavirus, and the weak business environment locally.

A survey by “Al-Ain News” based on the data of the Qatari Stock Exchange showed that the general index fell by 3% to or 299.370 points, so that the index reading stabilized at 9691.02 points, down from 9990.39 points in September.

The market value of the bourse lost 22.8 billion riyals (6.26 billion US dollars) in last month’s transactions, bringing the market value to 565 billion riyals (155.3 billion US dollars).

The market value of the 47 listed companies reached at the end of trading last Thursday, about 587.8 billion Qatari riyals (161.5 billion US dollars), according to the trading data of the Qatar Stock Exchange.

The companies listed on the Qatari local stock exchange have not recovered from the repercussions of the Corona virus, as many companies achieved a sharp decline in profits during the third quarter of this year, in an indication of Doha’s failure to manage the health crisis.

The German Company for Medical Supplies topped the list by 25.31% during last month’s transactions, followed by the second most declining company for United Development with 20.26%, then the Inmaa Company came in third with a drop of 16.13%.

And in fourth place as the most declining company, Dlala Brokerage and Investment Holding Company came with a decline of 15.23%, then in fifth place, Mazaya Real Estate Development Company came with a decline of 15%, according to official data.

At the end of last month’s session, the shares of 32 companies out of the 47 listed companies declined, while the shares of 15 companies rose, while no company recorded stability in October trading compared to the closing of last September.

The index of all real estate stocks led the decline in trading this week, by 12.4% to 1803.13 points, followed by the index of all industry stocks, with a decline of 7.4% to 2715.39 points, according to official data.

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