Weekly Market Report

The Qatar Stock Exchange (QSE) index increased by 22.96 points, or 0.22%, during the week to close at 10,435.46. Market capitalisation increased by 0.2% to QR560.7bn versus QR559.6bn at the end of the previous week. Of the 44 listed companies, 19 ended the week higher, while 21 fell and four remained unchanged. Dlala Holding (DBIS) was the best performing stock for the week with a gain of 7.5% on 421,988 shares traded. On the other hand, Zad Holding (ZHCD) was the worst performing stock with a decline of 6.7% on 3,988 shares traded.
Industries Qatar (IQCD), Milaha (QNNS) and Qatar Islamic Bank (QIBK) were the primary contributors to the weekly index gain. IQCD was the biggest contributor, adding 19.9 points to the index. QNNS was the second biggest contributor, contributing 10.3 points to the index. Moreover, QIBK tacked on 9.6 points to the index. On the other hand, Ezdan Holding Group (ERES) deleted 35.0 points from the index.
Trading value during the week decreased by 60.4% to reach QR1.1bn versus QR2.8bn in the prior week. The industrials sector led the trading value during the week, accounting for 38.8% of the total trading value. The banks and financial services sector was the second biggest contributor to the overall trading value, accounting for 28.1% of the total trading value. Qatari Investors Group was the top value traded stock during the week with total traded value of QR199.6mn.
Trading volume decreased by 50.2% to reach 29.5mn shares versus 59.3mn in the prior week. The number of transactions decreased by 45.6% to reach 15,552 versus 28,600 in the prior week. The telecoms sector led the trading volume, accounting for 30.4%, followed by the industrials, which accounted for 24.6% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 8.3mn shares.
Foreign institutions remained bullish during the week with net buying of QR200.7mn versus net buying of QR332.9mn in the prior week. Qatari institutions remained bearish with net selling of QR121.8mn versus net selling of QR192.2mn the week before. Foreign retail investors turned bearish for the week with net selling of QR4.4mn versus net buying of QR5.3mn in the prior week. Qatari retail investors remained bearish with net selling of QR74.4mn versus net selling of QR146.0mn the week before.
In 2016 year-to-date, foreign institutions bought (on a net basis) $1.1bn worth of Qatari equities.