QE jumps 444.98 points as Banks and industrial stocks rally

Strong gains by the industrial and banking sectors propelled Qatar Exchange index 444.98 points (4.86%) to close trading at 9,596.26 points Tuesday from the previous closing at 9,151.28 points. The volume of the traded shares jumped to 19,635,242 from 6,125,579 on Monday and the value of shares was up to QR 690,882,529.94 from QR 260,211,717.81. Top gainer from the banking sector was Qatar National Bank which was substantially up by 6.14% to QR 169.40 (Closed QR 159.6 Monday) from 242 trades with a volume of 224,758 shares. Next to gain Tuesday was Doha Bank, up by 4.31% to QR 53.20 from 207 trades with a volume of 311,853 shares. Qatar Islamic Bank was up 2.87% to QR 68.0 from the previous closing at QR 66.10. Industries Qatar gained 6.00% to QR153.70, United Development Company gained 9.33% to QR21.57 and Masraf Al Rayan up by 4.69% to QR29.00. The QE All Share Banking and Financial Services index jumped 4.77% to 2,355.66 points. The QE All Share Consumer Goods and Services index was up 3.06% to 5,783.86 points. The QE All Share Industrial sector index was up 4.67% to 3,057.76 points and the QE All Share Insurance sector index was up 2.13% to 2,227.45 points. The QE All Share Real Estate index was up by 5.66% to 1,726.39. The QE All Share Telecom sector index was up 4.47% to 1,421.33 points while the QE All Share Transportation sector index was up by 4.55% to 1,771.91 points. (