Weekly Market Report
March 12 2016 08:40 PM
QNB
QNB

QSE

The Qatar Stock Exchange (QSE) index gained 249.87 points, or 2.47%, during the week to close at 10,386.44. Market capitalisation increased by 1.54% to QR545.2bn versus QR536.9bn at the end of the previous week. Of the 43 listed companies, 31 ended the week higher, while 11 fell and one remained unchanged. Dlala Brokerage & Investment Holding Co (DBIS) was the best performing stock for the week with a gain of 18.08% on 1.7mn shares traded. On the other hand, United Development Co (UDCD) was the worst performing with a decline of 6.49% on 3.1mn shares traded.
Ezdan Group Holding (ERES), Qatar Insurance (QATI) and Masraf Al Rayan (MARK) were the primary contributors to the weekly index gain. ERES was the biggest contributor, adding 142.4 points to the index. QATI was the second biggest, adding 91.9 points to the index. Moreover, MARK tacked on 46.2 points to the index. On the other hand, Doha Bank (DHBK) contributed negatively to the index, shedding 17.5 points.
Trading value during the week decreased by 26.0% to reach QR1.70bn versus QR2.29bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 33.5% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 29.8% of the total. Gulf International Services (GISS) was the top value traded stock during the week with total traded value of QR283.5mn.
Trading volume decreased by 18.2% to reach 52.3mn shares versus 63.9mn in the prior week. The number of transactions decreased by 16.1% to reach 24,120 versus 28,738 in the prior week. The banks and financial services sector led the trading volume, accounting for 24.8%, followed by the Industrials, which accounted for 23.8%.
Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 5.1mn shares.
Foreign institutions remained bullish during the week with net buying of QR59.8mn versus net buying of QR194.2mn in the prior week. Qatari institutions remained bearish with net selling of QR78.7mn versus net selling of QR108.4mn the week before. Foreign retail investors turned bullish for the week with net buying of QR4.9mn versus net selling of QR11.0mn in the prior week. Qatari retail investors turned bullish with net buying of QR14.0mn versus net selling of QR74.7mn the week before.
In 2016 year-to-date, foreign institutions bought (on a net basis) $21mn worth of Qatari equities.



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