Weekly Market Report

Weekly Market ReportThe Qatar Stock Exchange (QSE) Index fell 22.09 points, or 0.25%, during the trading week to close at 8,825.70. Market capitalisation increased by 1.0% to QR485.4bn versus QR480.7bn at the end of the previous trading week. Of the 45 listed companies, 24 ended the week higher, while 18 declined and three remained unchanged. Ezdan Holding Group (ERES) was the best performing stock for the week with a gain of 20.7% on 4.1mn shares traded. On the other hand, Qatar Navigation (QNNS) was the worst performing stock for the week with a decline of 10.3% on 419.9k shares traded.QNB Group (QNBK), Masraf Al Rayan (MARK) and Barwa Real Estate Company (BRES) were the primary contributors to the weekly index decline. QNBK was the biggest contributor to the index’s weekly decrease, deleting 50.8 points from the index. MARK was the second biggest contributor to the mentioned decline, shaving off 21.4 points from the index. Moreover, BRES deleted 21.0 points from the index. However, Commercial Bank of Qatar (CBQK) added 43.9 points to the index.Trading value during the week decreased by 40.4% to reach QR1.7bn versus QR2.8bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 35.6% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 19.6% of the total trading value. Qatar Insurance Co (QATI) was the top value traded stock during the week with total traded value of QR240.4mn.Trading volume decreased by 14.6% to reach 76.7mn shares versus 89.8mn in the prior week. The number of transactions decreased by 15.0% to reach 24,688 versus 29,051 in the prior week. The banks and financial services sector led the trading volume, accounting for 30.0%, followed by the Industrials sector, which accounted for 21.6% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with 14.5mn shares.Foreign institutions remained bullish with net buying of QR110.5mn versus net buying of QR413.1mn in the prior week. Qatari institutions remained bearish with net selling of QR4.3mn versus net selling of QR328.1mn in the week before. Foreign retail investors remained bearish with net selling of QR46.6mn versus net selling of QR32.6mn in the prior week. Qatari retail investors remained bearish with net selling of QR59.5mn versus net selling of QR52.8mn the week before. Foreign institutions bought (on a net basis) $134mn worth of Qatari equities since the beginning of 2018.