The Qatar Stock Exchange (QSE) Index increased by 105.73 points, or 1.0% during the week to close at 10,534.40. Market capitalisation increased by 1.0% to QR565.5bn versus QR559.7 at the end of the previous week. Of the 44 listed companies, 30 companies ended the week higher, while 13 fell and one remained unchanged. Qatar German Co For Medical Devices (QGMD) was the best performing stock for the week with a gain of 7.5% on 878,874 shares traded. On the other hand, Commercial Bank of Qatar (CBQK) was the worst performing stock with a decline of 4.8% on 1.5mn shares traded.
Industries Qatar (IQCD), Ezdan Holding Group (ERES) and Masraf Al Rayan (MARK) were the primary contributors to the weekly index gains. IQCD was the biggest contributor to the index’s weekly increase, adding 45.1 points to the index. ERES was the second biggest contributor to the gain, contributing 39.4 points to the index. Moreover, MARK tacked on 9.9 points to the index. On the other hand, CBQK contributed negatively to the index, erasing 16.2 points from the index.
Trading value during the week increased by 62.3% to reach QR1.4bn versus QR876.7mn in the prior week. The Banks and Financial Services sector led the trading value during the week, accounting for 36.1% of the total trading value. The Industrials sector was the second biggest contributor to the overall trading value, accounting for 22.0% of the total trading value. QNB Group (QNBK) was the top value traded stock during the week with total traded value of QR172.0mn.
Trading volume increased by 57.3% to reach 36.5mn shares versus 23.2mn shares in the prior week. The number of transactions increased by 41.6% to reach 20,286 transactions versus 14,331 transactions in the prior week. The Banks and Financial Services sector led the trading volume, accounting for 29.8%, followed by the Real Estate sector, which accounted for 26.6% of the overall trading volume. ERES was the top volume traded stock during the week with total traded volume of 4.2mn shares.
Foreign institutions remained bullish during the week with net buying of QR178.6mn vs buying of QR103.2mn in the prior week. Qatari institutions turned bullish with net buying of QR49.1mn vs net selling of QR27.8mn the week before. Foreign retail investors remained bearish for the week with net selling of QR29.6mn vs net selling of QR28.4mn in the prior week. Qatari retail investors remained bearish with net selling of QR198.2mn vs net selling of QR47.1mn the week before. In 2016 YTD, foreign institutions bought (on a net basis) ~$559mn worth of Qatari equities.
QNB
