The Qatar Stock Exchange (QSE) index declined 151.75 points, or 1.48%, during the trading week to close at 10,089.86. Market capitalisation decreased by 1.72% to QR542.7bn versus QR552.2bn at the end of the previous week. Of the 44 listed companies, 14 ended the week higher, while 28 fell and two remained unchanged. Qatar Cinema & Film Distribution Co (QCFS) was the best performing stock for the week with a gain of 8.8% on only 4,037 shares traded. On the other hand, Zad Holding (ZHCD) was the worst performing stock with a decline of 12.5% on only 12,002 shares traded.
QNB Group (QNBK), Industries Qatar (IQCD) and Aamal Co (AHCS) were the primary contributors to the weekly index decline. QNBK was the biggest contributor to the index’s weekly decline, erasing 42.7 points from the index. IQCD was the second biggest contributor to the decline, deleting 41.1 points from the index. Moreover, AHCS erased 14.3 points from the index. On the other hand, Qatar Islamic Bank (QIBK) added 1.2 points.
Trading value during the week increased by 18.63% to reach QR1,150.7mn versus QR970.06mn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 36.95% of the total trading value. The real estate sector was the second biggest contributor to the overall trading value, accounting for 17.41% of the total. Vodafone Qatar (VFQS) was the top value traded stock during the week with total traded value of QR122.7mn.
Trading volume decreased by 0.09% to reach 45.05mn shares versus 45.09mn in the prior week. The number of transactions increased by 16.84% to reach 15,968 versus 13,667 transactions in the prior week. The banks and financial services sector led the trading volume, accounting for 29.68%, followed by the telecoms sector, which accounted for 29.47% of the overall trading volume. VFQS was the top volume traded stock during the week with total traded volume of 12.8mn shares.
Foreign institutions remained bearish with net selling of QR2.0mn versus net selling of QR6.9mn in the prior week. Qatari institutions remained bearish with net selling of QR21.4mn versus net selling of QR3.9mn the week before. Foreign retail investors turned bullish with net buying of QR2.0mn versus net selling of QR7.6mn in the prior week. Qatari retail investors remained bullish with net buying of QR21.4mn versus net buying of QR18.3mn the week before.
In 2017 year-to-date, foreign institutions bought (on a net basis) $800mn worth of equities.
QNB
