Weekly Market Report
October 10 2015 09:11 PM

The Qatar Stock Exchange (QSE) index gained 301.61 points, or 2.63%, during the week to close at 11,754.74. Market capitalisation increased by 2.2% to QR616.5bn versus QR603.3bn at the end of the previous week. Of the 43 listed companies, 32 ended the week higher, while 10 fell and one remained unchanged. Qatar German Co for Medical Devises (QGMD) was the best performing stock for the week, with a gain of 16.6% on 1.7mn shares traded. On the other hand, Islamic Holding Group (IHGS) was the worst performing stock with a decline of 4.0% on 276,462 shares traded.
Ezdan Holding Group (ERES), Industries Qatar (IQCD) and Barwa Real Estate Co (BRES) were the primary contributors to the weekly index gain. ERES was the biggest contributor to the Index’s weekly gain, adding 91.9 points to the index. IQCD added 32.0 points to the Index, while BRES contributed 24.3. On the other hand, Milaha (QNNS) contributed negatively to the Index, erasing 5.6 points from the Index.
Trading value during the week increased by 74.6% to reach QR1.4bn versus QR806.6mn in the prior shortened week. The real estate sector led the trading value, accounting for 26.4% of the total. The banks and financial services sector was the second biggest contributor to the overall trading value, accounting for 25.2%. ERES was the top value traded stock during the week with total traded value of QR183.3mn.
Trading volume increased by 135.1% to reach 40.4mn shares versus 17.2mn in the prior shortened week. The number of transactions increased by 86.2% to reach 21,701 versus 11,654 in the prior week. The real estate sector led the trading volume, accounting for 40.2%, followed by the banks and financial services sector, which accounted for 15.3% of the overall trading volume. ERES was also the top volume traded stock during the week with total traded volume of 9.4mn shares.
Foreign institutions remained bullish during the week with net buying of QR89.0mn versus net buying of QR37.0mn in the prior week. Qatari institutions remained bearish with net selling of QR35.5mn versus net selling of QR38.6mn the week before. Foreign retail investors remained bearish for the week with net selling of QR44.6mn versus net selling of QR6.4mn in the prior week. Qatari retail investors turned bearish with net selling of QR8.9mn versus net buying of QR8.1mn the week before.
In 2015 year-to-date, foreign institutions bought (on a net basis) $642mn worth of Qatari equities.

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