Weekly Market Report

The Qatar Stock Exchange (QSE) index lost 197.72 points, or 2.04%, during the week to close at 9,485.90. Market capitalisation fell 2.17% to QR506.0bn versus QR517.2bn at the end of the previous week. Of the 43 listed companies, 12 ended the week higher, while nine fell and two remained unchanged.
Qatari Investors Group (QIGD) was the best performing stock for the week with a gain of 9.91% on 1.4mn shares traded. On the other hand, Gulf International Services (GISS) was the worst performing with a decline of 16.5% on 7.5mn shares traded.
QNB Group (QNBK), Ezdan Group Holding (ERES), and GISS were the primary contributors to the weekly index gains. QNBK was the biggest contributor, erasing 73.74 points to the index. ERES was the second biggest contributor, eroding 51.6 points to the index. GISS contributed 32.4 points to the index’s weekly loss. On the other hand, Barwa Real Estate Co (BRES) contributed positively to the index, adding 20.3 points.
Trading value during the week dropped 18.76% to reach QR1.12bn versus QR1.39bn in the prior week. The industrials sector led the trading value during the week, accounting for 37% of the total. The banks and financial services sector was the second biggest contributor to the overall trading value, accounting for 28.2% of the total. GISS was the top value traded stock during the week with total traded value of QR240.7mn.
Trading volume decreased by 26.6% to reach 33.1mn shares versus 45.1mn in the prior week. The number of transactions decreased by 26.1% to reach 17,542 versus 23,745 in the prior week. The industrials sector led the trading volume, accounting for 31.9%, followed by the banks and financial services sector, which accounted for 23.5% of the overall trading volume. GISS was the top volume traded stock during the week with total traded volume of 7.5mn shares.
Foreign institutions remained turned bearish during the week with net selling of QR138.1mn versus net buying of QR106.1mn in the prior week. Qatari institutions remained bearish with net selling of QR20.6mn versus net selling of QR65.9mn the week before. Foreign retail investors remained bullish for the week with net buying of QR8.9mn versus net buying of QR4.4mn in the prior week. Qatari retail investors turned bullish with net selling of QR149.9mn versus net selling of QR44.8mn the week before.
In 2016 year-to-date, foreign institutions sold (on a net basis) $56.1mn worth of Qatari equities.