Weekly Market Report
The Qatar Stock Exchange (QSE) index decreased by 7.88 points, or 0.07% during the week, to close at 11,979.83. Market capitalisation decreased by 0.05% to reach QR643.5bn compared to QR643.9 at the end of the previous week. Of the 43 listed companies, 19 companies ended the week higher, while 21 fell and 3 remained unchanged. Qatar German Co for Medical Devices (QGMD) was the best performing stock for the week, with a gain of 10.5% on 1.9mn shares traded. On the other hand, Dlala Holding (DBIS) was the worst performing stock with a decline of 16.8% on only 527,476 shares traded.
Gulf International Services (GISS), QNB Group (QNBK) and Ezdan Holding Group. (ERES) were negative contributors to the weekly index decline. GISS was the biggest contributor, shaving off 50.5 points to the index’s weekly decline of 7.88 points. QNBK erased 22.7 points off the index. Further, ERES also contributed a marginal 4.8 points to the index’s weekly decline. On the other hand, Industries Qatar (IQCD), Qatari Investors Group (QIGD) and Qatar Insurance Co (QATI) contributed positively to the index. IQCD and QIGD contributed 19.9 and 16.4 points from the index, respectively.
Total trading value during the week increased by 18.7% to reach QR2.0bn vs. QR1.7bn in the prior week. The industrials sector led the trading value during the week, accounting for 43.2% of the total equity trading value. The banks and financial services sector was the second biggest contributor, accounting for 21.6% of the total trading value. GISS was the top value traded stock during the week with total traded value of QR628.3mn.
Total trading volume increased by 0.07% to reach 44.23mn shares vs. 44.20mn shares in the prior week. The number of transactions increased by 9.1% to reach 25,097 versus 22,997 in the prior week. The real estate sector led the trading volume, accounting for 27.8%, followed by the industrials sector, which accounted for 24.3% of the overall trading volume. GISS was also the top volume traded stock during the week with total traded volume of 7.3mn shares.
Foreign institutions turned bearish during the week with net selling of QR113.0mn vs. net buying of QR15.0mn in the prior week. Qatari institutions turned bullish with net buying of QR12.5mn vs. net selling of QR19.8mn the week before. Foreign retail investors remained bullish with net buying of QR58.0mn vs. net buying of QR9.1mn in the prior week. Qatari retail investors turned bullish with net buying of QR42.7mn vs. net selling of QR4.3mn the week before.
In 2015 year to date, foreign institutions sold (on a net basis) $106mn worth of Qatari equities.
