The Qatar Stock Exchange (QSE) index declined 4.54 points, or 0.04%, during the trading week to close at 10,451.47. Market capitalisation increased by 0.17% to QR561.5bn versus QR560.5bn at the end of the previous week. Of the 44 listed companies, 12 ended the week higher, while 31 fell and one remained unchanged. Qatar Cinema & Film Distribution Co (QCFS) was the best performing stock for the week with a gain of 10.0% on only 10 shares traded. On the other hand, Qatar German Co for Medical Devices (QGMD) was the worst performing stock with a decline of 4.0% on 100,886 shares traded.
Barwa Real Estate (BRES), Qatar Insurance Co (QATI) and United Development Company (UDCD) were the primary contributors to the weekly index decline. BRES was the biggest contributor, erasing 7.7 points from the index. QATI was the second biggest contributor to the decline, deleting 7.3 points from the index. Moreover, UDCD erased 5.1 points from the index. On the other hand, QNB Group (QNBK) added 10.7 points.
Trading value during the week decreased by 11.77% to reach QR1.09bn versus QR1.24bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 41.29% of the total trading value. The real estate sector was the second biggest contributor to the overall trading value, accounting for 18.75% of the total trading value. MARK was the top value traded stock during the week with total traded value of QR139.9mn.
Trading volume decreased by 4.33% to reach 38.9mn shares versus 40.54mn in the prior week. The number of transactions decreased by 7.08% to reach 14,267 versus 15,354 transactions in the prior week. The banks and financial services sector led the trading volume, accounting for 31.61%, followed by the real estate sector, which accounted for 26.89% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 10.0mn shares.
Foreign institutions remained bullish with net buying of QR28.1mn versus net buying of QR57.5mn in the prior week. Qatari institutions remained bullish with net buying of QR8.6mn versus net buying of QR19.7mn the week before. Foreign retail investors remained bearish with net selling of QR16.9mn versus net selling of QR9.3mn in the prior week. Qatari retail investors remained bearish with net selling of QR19.7mn versus net selling of QR67.8mn the week before.
In 2017 year-to-date, foreign institutions bought (on a net basis) $799mn worth of equities.
QNB