Weekly Market Report

Weekly Market ReportThe Qatar Stock Exchange (QSE) index increased 539.45 points, or 6.49%, during the trading week to close at 8,847.79. Market capitalisation increased by 8.0% to QR480.7bn versus QR444.9bn at the end of the previous trading week. Of the 45 listed companies, 29 ended the week higher, while 15 declined and one remained unchanged. Zad Holding (ZHCD) was the best performing stock for the week with a gain of 24.7% on 55.7k shares traded. On the other hand, Al Khaleej Takaful Insurance (AKHI) was the worst performing stock with a decline of 11.2% on 847.4k shares traded.QNB Group (QNBK), Industries Qatar (IQCD) and Qatar Electricity & Water Company (QEWS) were the primary contributors to the weekly index gain. QNBK was the biggest contributor, adding 234.2 points to the index. IQCD was the second biggest contributor to the mentioned gain, adding 134.4 points to the index. Moreover, QEWS added 67.0 points to the index. However, Doha Bank (DHBK) deleted 17.7 points from the index.Trading value during the week increased by 273.5% to reach QR2.8bn versus QR742.7mn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 33.8% of the total trading value. The industrials sector was the second biggest contributor, accounting for 18.4% of the total trading value. Qatar Insurance Co (QATI) was the top value traded stock during the week with total traded value of QR485.8mn.Trading volume increased by 125.2% to reach 89.8mn shares versus 39.9mn in the prior week. The number of transactions rose by 99.5% to reach 29,051 versus 14,563 in the prior week. The banks and financial services sector led the trading volume, accounting for 25.2%, followed by the industrials sector which accounted for 22.7% of the overall trading volume. QATI was the top volume traded stock during the week with 13.9mn shares.Foreign institutions turned bullish with net buying of QR413.1mn versus net selling of QR79.4mn in the prior week. Qatari institutions turned bearish with net selling of QR328.1mn versus net buying of QR14.1 in the week before. Foreign retail investors turned bearish with net selling of QR32.6mn versus net buying of QR13.4mn in the prior week. Qatari retail investors turned bearish with net selling of QR52.8mn versus net buying of QR51.8mn the week before. Foreign institutions bought (on a net basis) $92mn worth of Qatari equities since the beginning of 2018.