Qatar Islamic Bank (QIBK), QNB Group (QNBK), and Nakilat (QGTS) were the primary contributors to the weekly index increase. QIBK was the biggest contributor to the index’s weekly increase, adding 74.2 points to the index. QNBK was the second biggest contributor to the mentioned gains, tacking on 48.5 points to the index. Moreover, QGTS added 23.0 points to the index. However, Industries Qatar (IQCD) deleted 18.0 points from the index.
Trading value during the week increased by 7.15% to reach QR1.7bn versus QR1.6bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 58.79% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 23.57% of the total trading value. QNBK was the top value traded stock during the week with total traded value of QR615.2mn.
Trading volume increased by 10.19% to reach 48.0mn shares versus 43.5mn in the prior week. The number of transactions increased by 4.05% to reach 21,556 versus 20,716 transactions in the prior week. The banks and financial services sector led the trading volume, accounting for 33.42%, followed by the industrials sector which accounted for 32.56% of the overall trading volume. MPHC was the top volume traded stock during the week with 10.8mn shares.
Foreign institutions remained bullish with net buying of QR337.7mn versus net buying of QR296.5mn in the prior week. Qatari institutions remained bearish with net selling of QR218.5mn versus net selling of QR117.6mn in the week before. Foreign retail investors remained bullish with net buying of QR4.8mn versus net buying QR2.5mn in the prior week. Qatari retail investors remained bearish with net selling of QR124.0mn versus net selling of QR181.4mn the week before.
Foreign institutions bought (on a net basis) $378mn worth of Qatari e
