Weekly Market Report
The Qatar Stock Exchange (QSE) Index decreased 136.63 points, or 1.48% during the trading week to close at 9,106.19. Market capitalisation decreased by 1.47% to QR493.53bn versus QR500.90bn at the end of the previous trading week. Of the 45 listed companies, three companies ended the week higher, while 38 declined and four remained unchanged. Qatar Islamic Bank (QIBK) was the best performing stock for the week with a gain of 2.00% on 151,553 shares traded. On the other hand, Investment Holding Group (IGRD) was the worst performing stock for the week with a decline of 18.90% on 45.80mn shares traded. Note that IGRD began trading on the exchange on Monday.
Masraf Al Rayan (MARK), Qatar Gas Transportation Co(QGTS) and Ooredoo (ORDS) were the primary contributors to the weekly index decrease. MARK was the biggest contributor to the index’s weekly decline, deleting 23.72 points from the index. QGTS was the second biggest contributor to the decrease, shaving off 17.09 points from the index. Moreover, ORDS erased 12.92 points from the index. Alternatively, Qatar Islamic Bank (QIBK) contributed positively to the index, adding 12.33 points to the index.
Trading value during the week decreased by 6.06% to reach QR0.81bn versus QR0.86bn in the prior week. The Banks and Financial Services sector led the trading value during the week, accounting for 37.64% of the total trading value. The Industrials sector was the second biggest contributor to the overall trading value, accounting for 21.39% of the total trading value. Vodafone Qatar (VFQS) was the top value traded stock during the week with total traded value of QR124.31mn.
Trading volume increased by 16.63% to reach 37.62mn shares versus 32.25mn shares in the prior week. The number of transactions rose by 29.47% to reach 12,605 transactions versus 9,736 transactions in the prior week. The Telecoms sector led the trading volume, accounting for 37.68%, followed by the Industrials sector which accounted for 24.70% of the overall trading volume. VFQS was the top volume traded stock during the week with total traded volume of 13.9mn shares.
Foreign institutions turned bearish with net selling of QR71.5mn vs net selling of QR61.5mn in the prior week. Qatari institutions turned bullish with net buying of QR16.2mn vs net selling of QR10.9mn the week before. Foreign retail investors remained bullish with net buying of QR3.1mn vs net buying of QR6.6mn in the prior week. Qatari retail investors remained bullish with net buying of QR52.2mn vs net buying of QR65.8mn the week before. In 2017 YTD, foreign institutions bought (on a net basis) ~$731mn worth of equities. 

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