Industries Qatar (IQCD), Commercial Bank of Qatar (CBQK) and Qatar Islamic Bank (QIBK) were the primary contributors to the weekly index gains. IQCD was the biggest contributor to the index’s weekly increase, adding 44.02 points to the index. CBQK was the second biggest contributor to the mentioned gains, contributing 40.94 points to the index. Moreover, QIBK tacked on 15.26 points to the index. However, Masraf Al Rayan (MARK) deleted 6.85 points from the index.
Trading value during the week decreased by 2.05% to reach QR792.7mn versus QR809.3mn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 44.86% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 22.25% of the total trading value. QNB Group (QNBK) was the top value traded stock during the week with total traded value of QR88.2mn.
Trading volume decreased by 9.02% to reach 32.9mn shares versus 36.2mn in the prior week. The number of transactions dropped by 6.58% to reach 13,489 versus 14,439 in the prior week. The banks and financial services sector led the trading volume, accounting for 47.17%, followed by the industrials sector which accounted for 23.41% of the overall trading volume. Qatar First Bank (QFBQ) was the top volume traded stock during the week with 8.0mn shares.
Foreign institutions turned bullish with net buying of QR1.3mn versus net selling of QR30.5mn in the prior week. Qatari institutions remained bullish with net buying of QR57.4mn versus net buying of QR71.8mn in the week before. Foreign retail investors remained bearish with net selling of QR2.8mn versus net selling of QR20.0mn in the prior week. Qatari retail investors remained bearish with net selling of QR55.8mn versus net selling of QR21.2mn the week before.
Foreign institutions bought (on a net basis) $76.9mn worth of Qatari equ
