The Qatar Stock Exchange (QSE) index increased by 174.70 points, or 1.8%, during the week to close at 9,966.35. Market capitalisation increased by 1.6% to QR537.4bn versus QR529.1bn at the end of the previous week. Of the 44 listed companies, 29 ended the week higher, while 10 fell and only five remained unchanged. Dlala Brokerage and Investments Holding Co (DBIS) was the best performing stock for the week with a gain of 9.4% on 307,973 shares traded. On the other hand, Ahli Bank (ABQK) was the worst performing stock with a decline of 5.7% on 40,584 shares traded
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Ezdan Holding Group (ERES), QNB Group (QNBK) and Barwa Real Estate Co (BRES) were the primary contributors to the weekly index gain. ERES was the biggest contributor to the index’s weekly increase, adding 46.5 points to the index. QNBK was the second biggest contributor, contributing 41.0 points to the index. Moreover, BRES tacked on 19.3 points to the index. On the other hand, Qatar Islamic Bank (QIBK) erased 3.9 points off the index.
Trading value during the week decreased by 0.5% to reach QR578.3mn versus QR581.2mn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 40.6% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 24.3% of the total. Gulf International Services (GISS) was the top value traded stock during the week with total traded value of QR81.0mn.
Trading volume increased by 0.9% to reach 15.5mn shares versus 15.4mn in the prior week. The number of transactions increased by 11.9% to reach 9,535 versus 8,524 in the prior week. The banks and financial services sector led the trading volume, accounting for 34.5%, followed by the industrials sector, which accounted for 21.3% of the overall trading volume. GISS was also the top volume traded stock during the week with total traded volume of 2.1mn shares.
Foreign institutions remained bullish during the week with net buying of QR40.3mn versus buying of QR6.2mn in the prior week. Qatari institutions remained bullish with net buying of QR22.1mn versus net buying of QR13.4mn the week before. Foreign retail investors remained bearish for the week with net selling of QR8.4mn versus net selling of QR6.4mn in the prior week. Qatari retail investors remained bearish with net selling of QR54.0mn versus net selling of QR13.2mn the week before.
In 2016 year-to-date, foreign institutions bought (on a net basis) $430mn worth of Qatari equities.
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