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  1. AH020387's Avatar
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    #1

    Prop up

    What does 'prop up' mean in the phrase:


    Industrial sector props up Qatar Exchange

    ?

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    #2

    Re: Prop up

    Quote Originally Posted by AH020387 View Post
    What does 'prop up' mean in the phrase:


    Industrial sector props up Qatar Exchange

    ?
    Hi,
    The Exchange referred to is the Qatar stock exchange. The inference is that whilst the overall exchange index is falling due to bad performance with falling share prices across most stock sectors on the market, e.g. shipping, insurance, engineering, etc., those stocks/shares in the industrial sector are bucking (or propping up) the market. i.e. performing much better than the overall trend and keeping the overall index higher than it would otherwise be.

    Think of a pit prop which supports the roof of mineworkings. i.e. they prop them up.

    Regards

  2. AH020387's Avatar
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    #3

    Re: Prop up

    Quote Originally Posted by Richard1 View Post
    Hi,
    The Exchange referred to is the Qatar stock exchange. The inference is that whilst the overall exchange index is falling due to bad performance with falling share prices across most stock sectors on the market, e.g. shipping, insurance, engineering, etc., those stocks/shares in the industrial sector are bucking (or propping up) the market. i.e. performing much better than the overall trend and keeping the overall index higher than it would otherwise be.

    Think of a pit prop which supports the roof of mineworkings. i.e. they prop them up.

    Regards

    Thanks but now I gotta ask you a second question; what does 'index' mean in your phrase 'exchange index'?

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    #4

    Re: Prop up

    Quote Originally Posted by AH020387 View Post
    What does 'prop up' mean in the phrase:


    Industrial sector props up Qatar Exchange

    ?
    Reenforces/Provides support for (perhaps financial or sales).

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    #5

    Re: Prop up

    Quote Originally Posted by AH020387 View Post
    What does 'prop up' mean in the phrase:


    Industrial sector props up Qatar Exchange

    ?
    Hi,

    Did you not read the last part of my post which explains what 'prop' up means?

    Rgds

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    #6

    Re: Prop up

    Quote Originally Posted by AH020387 View Post
    Thanks but now I gotta ask you a second question; what does 'index' mean in your phrase 'exchange index'?
    Many time series of numbers use the additional statistical measure of an index to express the relative size of the current number to an earlier 'Base' number.

    So in this question relating to a stock market exchange index, if the value of a company share in say January 2000 was 4.60 and in January 2010 it was 7.30, the share (or stock if you prefer) price index is 162.22. i.e. 7.3 divided by 4.6.

    If you take all the companies in a particular sector of the market, in this question the Industrial sector, you can work out an index for all the shares in the same way, (usually by weighting by the value of all the shares issued rather than taking a simple average of all the shares).

    Similarly you can do the same for all the shares other than the Industrial sector. If the index of the Industrial sector is greater than the index for all the others on the exchange then the Industrial sector may be said to be 'propping up' the rest of the market.

    Regards

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