QNB Weekly Market Report
December 16 2017 10:41 PM
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The Qatar Stock Exchange (QSE) index increased by 438.34 points, or 5.64%, during the trading week to close at 8,211.94. Market capitalisation increased by 6.53% to QR453.4bn versus QR425.6bn at the end of the previous trading week. Of the 45 listed companies, 37 ended the week higher, while six declined and two remained unchanged. Ezdan Holding (ERES) was the best performing stock for the week with a gain of 23.78% on 6.5mn shares traded. On the other hand, Qatar Cinema (QCFS) was the worst performing stock for the week with a decline of 7.96% on 2,400 shares traded only.
Industries Qatar (IQCD), Masraf Al Rayan (MARK) and QNB Group (QNBK) were the primary contributors to the weekly index gains. IQCD was the biggest contributor to the index’s weekly increase, adding 82.2 points to the index. QIBK was the second biggest contributor to the gains, tacking 62.8 points to the index. Moreover, QNBK contributed 60.2 points to the index. Al Meera Consumer Goods (MERS) contributed the least with only 0.6 points added to the index.
Trading value during the week increased by 9.27% to reach QR1.23bn versus QR1.13bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 33.99% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 17.97% of the total trading value. QNBK was the top value traded stock during the week with total traded value of QR131.6mn.
Trading volume increased by 3.98% to reach 60.8mn shares versus 58.5mn shares in the prior week. The number of transactions decreased by 5.78% to reach 20,068 versus 21,298 transactions in the prior week. The real estate sector led the trading volume, accounting for 25.27%, followed by the banks and financial services sector which accounted for 22.11% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with 10.0mn shares.
Foreign institutions remained bullish with net buying of QR100.4mn versus net buying of QR102.2mn in the prior week. Qatari institutions remained bearish with net selling of QR64.4mn versus net selling of QR86.8mn the week before. Foreign retail investors remained bullish with net buying of QR3.4mn versus net buying of QR8.6mn in the prior week. Qatari retail investors remained bearish with net selling of QR39.4mn versus net selling of QR24.0mn the week before. 
In 2017 year-to-date, foreign institutions bought (on a net basis) $781mn worth of equities. 
The QSE index rose 5.6% during the week to a level of 8,211.94. Bullish Marubozu and Inverted Hammer candlesticks have been observed on the weekly chart signifying a price rise in the coming trading sessions. On the weekly chart, the stock price has crossed the 5-day and 13-day EMA and is expected to cross the 26-day EMA in the near term. MACD line has crossed the signal line from below indicating a positive momentum. Our support level remains at 7,664 and resistance level remains at 8,473.76.
Candlestick chart – A candlestick chart is a price chart that displays the high, low, open, and close for a security. The ‘body’ of the chart is portion between the open and close price, while the high and low intraday movements form the ‘shadow’. The candlestick may represent any time frame. We use a one-day candlestick chart (every candlestick represents one trading day) in our analysis.
Doji candlestick pattern – A Doji candlestick is formed when a security’s open and close are practically equal. The pattern indicates indecisiveness, and based on preceding price actions and future confirmation, may indicate a bullish or bearish trend reversal.



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